Ford Motor Co. and partner Mazda Motor Corp. today sign an agreement with Changan Automobile Group to buy land in an industrial development zone for a new joint-venture car plant in Nanjing, located about 186 miles (300 km) west of Shanghai. Government approval of the car project is expected in the next few weeks. Chinese state media say the Mazda3 will be built in Nanjing. The plant, part of a $1 billion expansion program in China unveiled by Ford last year, will be run by Changan ...
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