China: Ford plans Yuan 7bn expansion, report says

Ford reportedly plans to invest Yuan 7bn (US$1.1bn) to expand its production capacity in China. Shanghai Daily, citing Marin Burela, president of the Detroit-based OEM's joint venture Changan Ford Mazda Automobile (CFMA), said Ford is building a factory in Chongqing. This move is aimed at increasing its total capacity to 650,000 Subscribe to Automotive World … Continued

• By Webmaster
• March 23, 2011