iBankCoin
Joined Nov 11, 2007
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Ford To Sink $760 Million on New Chinese Assembly Plant

Ford (F) and its joint-venture partner said Thursday they will build a $760 million assembly plant in Hangzhou, bringing Ford’s investment in China since 2006 to $4.9 billion.

The Hangzhou plant, built with Changan Ford Mazda Automobile, will open in 2015 with an initial production capacity of 250,000 units.

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