Ford Chief Mulally Opens $300 Million Factory in China
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Ford Motor Co.’s Chinese commercial-vehicle making partner opened a $300 million assembly plant, more than doubling its production capacity in the world’s biggest auto market.
Jiangling Motors Corp., which counts Ford as its second-biggest shareholder, opened the JMC Xiaolan plant that adds 300,000 vehicles in annual capacity to the existing 245,000 units, Ford said in a statement today. The factory will be used to make both Ford- and JMC-branded vehicles.