Ford Motor Company declared that it is planning another round of expansion in the Chinese market with the investment of $600 million into its Chongqing facility.
“This expansion is an investment in Ford’s long-term future, globally and will help us to achieve our goal of increasing worldwide sales by nearly 50% by mid-decade to about 8 million vehicles per year. With this additional investment and capacity expansion, Ford Motor Company continues to lay the foundation for long-term growth in the world’s largest automotive market,” said Joe Hinrichs, president of Ford Motor Company Asia Pacific and Africa.
“This expansion is an investment in Ford’s long-term future, globally and will help us to achieve our goal of increasing worldwide sales by nearly 50% by mid-decade to about 8 million vehicles per year. With this additional investment and capacity expansion, Ford Motor Company continues to lay the foundation for long-term growth in the world’s largest automotive market,” said Joe Hinrichs, president of Ford Motor Company Asia Pacific and Africa.