Ford Europe, the European arm of Ford Motor Co. (F), is investing more than 750 million euros ($883.2 million) in its Valencia, Spain, plant for the production of the new Kuga model, the company said Thursday. The Kuga model accounts for close to 50% of the production volume at the Valencia plant, and is the most-sold model in Europe behind the Fiesta and Focus, Ford Europe said. The investment brings the…