Thursday, April 19, 2012

Ford unveils further investment in China

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Ford has announced further investment in China, with plans for a $760m (£474m) factory in Hangzhou.

The US carmaker already has a big complex in Chongqing which is its largest global manufacturing location outside south-east Michigan.

Two weeks ago, the company said it would build a third plant there by investing $600m.

Ford aims to boost its manufacturing capacity in China as part of its effort to raise global sales.

China is already the world's biggest car market and Ford expects sales there to nearly double from 18.5 million last year to about 30 million by 2020.



Source & Image : BBC

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