Ford to build billion dollar plant in India-report

Newswire

July 27 (Reuters) - Ford Motor Co plans to invest $1 billion to build a factory in western India to gain a greater share of one of the fastest-growing car markets, the Financial Times reported on Wednesday. The U.S. automaker plans to announce its plans on Thursday, according to the report, which cited Ford's head of Asia-Pacific and Africa Joe Hinrichs. The factory in Gujarat, expected to be up and running by 2014, will employ 5,000 people and is expected to have an initial annual ...

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