Ford Motor Co. and Conging Changan Automobile Co. Ltd. will invest more than $1 billion in the next several years to increase capacity at their joint venture auto manufacturing plant in Chongqing, China, from 20,000 units annually to 150,000. The JV began building the Ford Fiesta in January and the Ford Mondeo in May. New products will be added as part of the increased output, but details will not be released until a later date. Ford Chairman and CEO Bill Ford was on hand in China for ...
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