Ford Motor-Build New Factory, worth USD300 Million in China

Reporting SHANGHAI - American automakers (USA), Ford Motor as part owner of an automotive company from China, Jiangling Motors Corp (JMC) set up a new plant in Shanghai worth USD300 million.
Plant with production capacity of 300 units per year vehicle was built as an expansion Langkat Ford's largest car market in the world.
Ground breaking process conducted on Sunday (18/07/2010) is expected to be completed and began operation in late 2012.
Jiangling, 30 percent controlled by Ford, currently operates two plants, with a combined capacity of 210 thousand units, making the JMC and Ford Transit models. (Otofinanceinfo)

Source Article and image :okezone.com