Ford says to 3rd China plant for 3.34 bln yuan

Newswire

CHONGQING, China, Sept 25 (Reuters) - Ford Motor Co said on Friday it plans to build its third car manufacturing plant in China with its joint venture partners at a cost of 3.34 billion yuan ($489.3 million). The plant, to be based in the southwestern municipality of Chongqing, will have an initial annual production capacity of 150,000 units, increasing annual capacity at Ford's joint venture plants to 600,000 by 2012, a joint venture statement said. Ford will be introducing 4 new ...

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