BEIJING ā€” The Chinese government gives the green light to Ford Motor Co. to pursue a joint venture to build passenger cars. The approval marks the passing of a major hurdle for Ford in China, which up to now only held a minority stake in a van-making venture. The No.2 U.S. automaker for years has been looking for a doorway to the boundless potential of China's passenger car industry (see FOCUS ON CHINA ā€” July '00, p.5). Ford's new partner, Chongqing Chang'an Automotive Co. Ltd., is one ...

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