Ford plans $490 mln China plant investment

Newswire

DETROIT, Sept 24 (Reuters) - Ford Motor Co announced on Thursday plans to build a new $490-million flexible assembly plant in China, its third in the country, increasing annual production capacity by one-third to meet growing demand. The plant, in the southwestern Chinese city of Chongqing for Ford's China joint venture Changan Ford Mazda Automobile, is expected to be completed in 2012. Ford, which plans to introduce four new vehicles to the Chinese market over the next three years, said ...

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