Ford Focuses on China, will Build $760 Million Plant to Double Annual Capacity to 1.2 Million Units

There's no denying that the Chinese car market is a top priority for the entire automotive industry, which explains the huge investments made by all companies.

In an attempt to improve its position in the market and catch up with rival carmakers General Motors and the Volkswagen Group, Ford Motor Co. announced on Thursday that together with its joint venture Changan Ford Mazda Automobile (CFMA), it is investing $760 million (€578 million) to build a new factory in in Hangzhou, eastern China.

Read more »