Ford JV in deal to build second China engine plant


SHANGHAI, Sept 25 (Reuters) - Ford Motor said on Saturday its joint venture will build a new engine manufacturing plant in the south-western city of Chongqing at a cost of $500 million to support expansion in the world's largest auto market. Changan Ford Mazda Automobile signed a memorandum of understanding with the local government to build the engine plant, which will more than double existing capacity and support its vehicle manufacturing facilities, Ford said in a statement. The ...

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