Ford Revs Up in India

The carmaker, looking to further exploit the fast-growing Asia market, has announced it will spend $500 million to boost production in Chennai

In many parts of the world, Ford Motor (F) is facing difficult times. In the U.S. it has lost its No. 2 spot to Toyota (TM) for the first time. In Britain, Ford is looking to sell its money-losing Jaguar and Rover divisions to Tata Motors of India. In Asia, though, Ford is focusing on growth in some of the world's fastest growing and profitable markets.

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