|Page (1) of 1 - 04/05/12||email article||print page|
Ford to spend $600M to expand factories in China to meet growing demand
DEARBORN, Mich. (AP) ' Ford says it will spend $600 million to expand its factory capacity in China as it tries to play catch-up with competitors.
The company says it will add to its factories in Chongqing to handle growing demand. The additions will give Ford the ability to make 350,000 more vehicles per year by 2014. That will increase its total to 950,000.
Ford Motor Co. says it plans to triple the cars in its Chinese lineup to 15 over the next three years. It also will add 20 new engines and transmissions.
The company will build a new assembly line, body shop and paint shop at the Chongqing site in southwestern China. The investment will be made with the company's joint-venture partner, Changan Ford Mazda Automobile Limited.