Ford to announce 3rd China car plant
Report says Ford to announce 3rd China car plant
Posted Tuesday, Sep 22, 2009, 2:09 pm in Employee News
Ford Motor Co. and its Chinese partner will announce plans on Friday for their third car manufacturing plant in China, where sales may soon outpace its existing capacity, an industry source told Reuters on Tuesday.
Ford, which competes with General Motors Co. and others globally, produces the Focus, Mondeo and other sedan models in China in a tie-up with Chongqing Changan Automobile Co. The new plant, to be based in the southwestern Chinese city of Chongqing, will have annual production capacity of at least 150,000 units per year, the source told Reuters, adding to Ford’s current car manufacturing capacity in China of 447,000 units.
Financial details and further information regarding the new plant were not available, the news service said. Representatives at Ford Motor in China and the company’s joint venture declined to comment, the story said. (Reuters)
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