Ford China Plant: Automaker Will Build $490 Million Facility

The Huffington Post News Editors, Huffington Post
Fri, 09/25/2009 - 6:24am

SHANGHAI (AP) -- Ford Motor Co. said Friday it plans to spend $490 million on building a third assembly plant in China, ramping up production to meet surging demand in this fast-growing market as the U.S. automaker expands in Asia. The factory, to be built in the central Chinese city of Chongqing, will make the next-generation Focus compact car, which Ford plans to sell globally. The announcement from Chongqing came the day after the Dearborn, Michigan-based automaker unveiled a made-in-India compact car -- part of a plan to boost sales in Asia, a region the U.S.

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