Ford receives approval for China engine plant


TOKYO, May 25 (Reuters) - Ford Motor Co. and two partners said on Wednesday they had received Chinese government approval for a joint venture to build an engine plant on China's wealthy east coast as part of the U.S. company's $1 billion investment programme in the world's third-largest vehicle market. The plant, which is set to begin operations by early 2007, will have annual capacity to make 350,000 engines. Ford and partners Mazda Motor Corp and local firm Changan Automobile Co. Ltd. ...

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