Ford to boost Kuga production in Spain by 10 pct

FRANKFURT, April 3 Wed Apr 3, 2013 6:20am EDT

FRANKFURT, April 3 (Reuters) - Ford plans to increase production of its Kuga SUV in its Valencia plant in Spain this year by 10 percent, or 8,000 vehicles, to meet increased demand, the company said on Wednesday.

In a statement, Ford added that it now expects to reach an annual production volume of 100,000 Kugas in Europe this year for the first time, including its Russian plant.

Ford has said it expects to sell more than one million SUVs in Europe in the next six years, with SUVs accounting for 10 percent of all Fords sold in the region by 2016.

The all-new compact EcoSport will launch at the end of 2013, and will later be followed by the larger, next-generation Ford Edge.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article