you're reading...
Automobile Industry

Ford announces major expansion in China production capacity

Ford announced its biggest industrial expansion in 50 years, as part of a US$5 billion plan to double production capacity in China by 2015, The Wall Street Journal reported.

The automaker expects to be able to create 1.2 million passenger cars a year in China by that time, just under half the number it made in North America last year.

Under its joint venture with Chongqing Changan Automobile (200625.SHE, 000625.SHE), Ford will construct its fifth factory in China, a US$760 million plant in Hangzhou capable of building 250,000 cars a year.

Ford trails other major auto makers by years in the China market, including General Motors.

However, auto market growth is slowing in China, and Ford’s sales in China during the first quarter were down 14% year-on-year, even as its rival GM rose 9%.

Though it does not provide specific data for each country, Ford lost US$83 million in the Asia-Pacific region last year due to investment and expansion.

China Economic Review

About Craig Hill

General Manager at Craig Hill Training Services * Get an Australian diploma by studying in your own country * Get an Australian diploma using your overseas study and work experience * Diplomas can be used for work or study in Australia and other countries. * For more information go to www.craighill.net


3 thoughts on “Ford announces major expansion in China production capacity

  1. Reblogged this on Craig Hill.


    Posted by Craig Hill | April 22, 2012, 12:57 pm
  2. Very interesting…


    Posted by chasingtheperfectmoment | April 23, 2012, 5:01 am


  1. Pingback: Car makers gear up for a tougher China market « China Daily Mail - April 23, 2012

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

China News

China News is not affiliated in any way with any publication in China or anywhere else.

Enter your email address to receive an email each time an article is published, or join our RSS feed. 100% FREE.

Join 3,627 other followers

Want to write for China News?

Read “Contributor Guidelines” above to join our team of 76 contributors. Write news or opinion about issues in China, or post photos and video. Promote your own site.

Recent Posts

China News Articles Have Been Featured In:

%d bloggers like this: