Ford_News
04-19-2012, 04:31 AM
Filed under: China (http://www.autoblog.com/category/china/), Plants/Manufacturing (http://www.autoblog.com/category/plants-manufacturing/), Ford (http://www.autoblog.com/category/ford/), Earnings/Financials (http://www.autoblog.com/category/earnings-financials/)
http://www.blogcdn.com/www.autoblog.com/media/2012/04/ford-badge-1334790886.jpg (http://www.mnfords.com/2012/04/19/ford-announces-new-plant-to-double-capacity-in-china/#continued)
At present, Ford (http://autoblog.com/ford) has the capacity, through its joint venture Changan Ford Mazda (http://autoblog.com/mazda) Automobile, to build about 600,000 vehicles per year in China (http://autoblog.com/category/china). That's not enough to sustain the brand's expected growth (http://www.autoblog.com/2011/06/07/ford-projecting-50-sales-growth-by-2015/), so it makes sense that the automaker has officially announced plans to build a new facility in Hangzhou.
This $760 million expansion will bring Ford's total investment in China to $4.9 billion, and it will double the automaker's production capacity in that country by 2015. Ford calls this its most rapid expansion in 50 years - not surprising, given that the Chinese automobile market is expected to crest 30 million vehicles by 2020 - and it will make this region in China its largest manufacturing base outside its traditional playground in Southeast Michigan.
Ford isn't saying what vehicle(s) it plans to build at this new Chinese plant, but it is suggesting that it will increase its available models from five to 15, along with 20 new powertrain options, by 2015. Feel free to read Ford's official press release by scrolling down below (http://www.mnfords.com/2012/04/19/ford-announces-new-plant-to-double-capacity-in-china/#continued).Continue reading Ford announces new plant to double capacity in China (http://www.autoblog.com/2012/04/19/ford-announces-new-plant-to-double-capacity-in-china/)
Ford announces new plant to double capacity in China (http://www.autoblog.com/2012/04/19/ford-announces-new-plant-to-double-capacity-in-china/) originally appeared on Autoblog (http://www.autoblog.com) on Thu, 19 Apr 2012 06:00:00 EST. Please see our terms for use of feeds (http://www.mnfords.com/rss-term-of-use/).
Permalink (http://www.autoblog.com/2012/04/19/ford-announces-new-plant-to-double-capacity-in-china/) | Email this (http://www.autoblog.com/forward/20218965/) | Comments (http://www.autoblog.com/2012/04/19/ford-announces-new-plant-to-double-capacity-in-china/#comments)
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http://www.blogcdn.com/www.autoblog.com/media/2012/04/ford-badge-1334790886.jpg (http://www.mnfords.com/2012/04/19/ford-announces-new-plant-to-double-capacity-in-china/#continued)
At present, Ford (http://autoblog.com/ford) has the capacity, through its joint venture Changan Ford Mazda (http://autoblog.com/mazda) Automobile, to build about 600,000 vehicles per year in China (http://autoblog.com/category/china). That's not enough to sustain the brand's expected growth (http://www.autoblog.com/2011/06/07/ford-projecting-50-sales-growth-by-2015/), so it makes sense that the automaker has officially announced plans to build a new facility in Hangzhou.
This $760 million expansion will bring Ford's total investment in China to $4.9 billion, and it will double the automaker's production capacity in that country by 2015. Ford calls this its most rapid expansion in 50 years - not surprising, given that the Chinese automobile market is expected to crest 30 million vehicles by 2020 - and it will make this region in China its largest manufacturing base outside its traditional playground in Southeast Michigan.
Ford isn't saying what vehicle(s) it plans to build at this new Chinese plant, but it is suggesting that it will increase its available models from five to 15, along with 20 new powertrain options, by 2015. Feel free to read Ford's official press release by scrolling down below (http://www.mnfords.com/2012/04/19/ford-announces-new-plant-to-double-capacity-in-china/#continued).Continue reading Ford announces new plant to double capacity in China (http://www.autoblog.com/2012/04/19/ford-announces-new-plant-to-double-capacity-in-china/)
Ford announces new plant to double capacity in China (http://www.autoblog.com/2012/04/19/ford-announces-new-plant-to-double-capacity-in-china/) originally appeared on Autoblog (http://www.autoblog.com) on Thu, 19 Apr 2012 06:00:00 EST. Please see our terms for use of feeds (http://www.mnfords.com/rss-term-of-use/).
Permalink (http://www.autoblog.com/2012/04/19/ford-announces-new-plant-to-double-capacity-in-china/) | Email this (http://www.autoblog.com/forward/20218965/) | Comments (http://www.autoblog.com/2012/04/19/ford-announces-new-plant-to-double-capacity-in-china/#comments)
More... (http://www.autoblog.com/2012/04/19/ford-announces-new-plant-to-double-capacity-in-china/)