Ford will help build plant
Ford and Chinese partner Changan Ford Mazda Automobile Ltd. signed a memorandum of understanding with the city of Chongqing to build a $500-million engine plant in China. Construction is to begin next year, with engine production starting in 2013. The plant would make 400,000 engines annually; more than double the partnership’s existing engine capacity in China.
The partnership operates two assembly plants in China, including one in Chongqing. It is building a third to produce the Ford Focus.