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Auto
Ford breaks new ground
Friday, August 31, 2012
CHONGQING, China (AP) — Ford Motor Co is building a sixth plant in China as part of an effort to increase its sales in the world's largest auto market.
CEO Alan Mulally attended a groundbreaking ceremony Monday for the new US$600 million assembly plant in the south-western city of Chongqing. It will have the capacity to make 250,000 vehicles per year when it's finished in late 2014.
The plant is Ford's third in Chongqing, including one that began producing the Ford Focus in February. Ford plans to double its production capacity in China to 1.2 million vehicles by 2015.
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