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Ford investing $600M to expand Chongqing Assembly Plant, boosting annual capacity in China by 350,000 vehicles

Ford and its joint venture Changan Ford Mazda Automobile (CFMA) will invest approximately US$600 million to expand capacity in Chongqing by 350,000 passenger vehicles, raising total capacity in China to 950,000 vehicles annually. The new investment will increase Ford’s total investment in China to approximately US$4.1 billion.

We are going further in China and across Asia. 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 percent by mid-decade to about 8 million vehicles per year. With this additional investment and capacity expansion, Ford continues to lay the foundation for long-term growth in the world’s largest automotive market.

—Joe Hinrichs, president of Ford Asia Pacific and Africa

The expansion will extend the facilities at Chongqing—the largest global manufacturing location for Ford outside southeast Michigan—with a new assembly line, body and paint shop. CFMA already operates two assembly plants and an engine plant in Chongqing, with another engine plant and a transmission plant currently under construction.

Construction on the extension is expected to begin immediately and the first vehicle is expected to come off the line in late 2014.

The announcement follows the opening in February of CFMA’s second assembly plant in Chongqing, a fully integrated facility to support stamping, body assembly, paint, trim and final assembly which is home to the Ford Focus. The all-new Focus is built on Ford’s global C-platform, or mid-size vehicle chassis. At Chongqing and elsewhere across the world, up to ten different kinds of vehicles and a total of 2 million units will be produced globally by Ford on this platform.

Ford will introduce 15 new vehicles and 20 new engines and transmissions in China by 2015 as part of its plan to broaden its product portfolio and powertrain offering in China.

Utilizing technologies such as turbocharging, direct injection, twin independent variable camshaft timing (Ti-VCT) and six-speed transmissions, the upgraded powertrain portfolio will deliver more than a 20% improvement in fuel economy improvement to Ford’s passenger vehicle fleet in China by 2015.

Comments

HarveyD

At just under 1M/yr, Ford will become one of the major car maker in China. Will that translate into more Ford factory closing in USA/Canada? One cannot overlook the largest future car market.

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