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Ford Venture in China Buys Unused Auto Plant
Ford and partner Chongqing Changan Automobile Co. have spent 6.6 billion yuan ($1.1 billion) to acquire an idled auto assembly plant from Harbin Hafei Automobile Group Co., a unit of Chongqing Changan.
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Ford and partner Chongqing Changan Automobile Co. have spent 6.6 billion yuan ($1.1 billion) to acquire an idled auto assembly plant from Harbin Hafei Automobile Group Co., a unit of Chongqing Changan.
The factory in northeast China will give Changan Ford 200,000 units of additional capacity to make Ford-brand vehicles. The partners expect to launch production in the second half of 2016.
The Harbin Hafei facility will boost Ford's capacity in China to 1.6 million vehicles.
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