
Ford will expand its biggest factory complex in China to meet growing demand in the world's largest car market. The US$600 million ($732 million) expansion will include a new assembly line and body and paint shops at its Chongqing site in southwestern China - Ford's largest manufacturing operation outside the Detroit area. Ford is trying to catch up with rivals who have been in China longer and command a bigger share of sales. The expansion will give the car-maker the ability to make 350,000 more vehicles a year, increasing its total to 950,000 by 2014. That will help towards Ford's goal of tripling the models in its Chinese lineup to 15 over the next three years. Ford opened a new vehicle assembly plant at Chongqing in February, one of four new factories due to begin operations by the end of next year. The company already has two assembly plants and an engine plant there. Like many other car-makers, it is banking on the potential for growth in sales in China's vast hinterland, where most families have yet to buy their first cars and demand is expected to soar with rising incomes. The growing factory complex in Chongqing is part of Ford's plan to boost worldwide sales by nearly 50 per cent by 2015, to about 8 million vehicles a year. Ford will invest in the factory with joint-venture partner Changan Ford Mazda Automobile Ltd
GMT 15:26 2017 Friday ,22 December
VW sacks executive jailed over 'dieselgate': reportGMT 12:54 2017 Friday ,22 December
Baidu accuses former exec of stealing self-driving car technologyGMT 17:41 2017 Wednesday ,06 December
UK car sales extend slump: industry bodyGMT 14:49 2017 Sunday ,19 November
US rejects Ford petition to delay recall of 3m vehiclesGMT 19:06 2017 Wednesday ,08 November
BMW revs research spending higher, profits fishtailGMT 10:33 2017 Tuesday ,24 October
Singapore to freeze number of cars on its roadsGMT 13:26 2017 Tuesday ,17 October
Tesla sacks hundreds of workers on Model 3 stall: sourceGMT 21:18 2017 Saturday ,07 October
Tesla delays big rig truck debut; Model 3 in ‘production hell’
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor