Change! LOL! All you union guys got what you voted for,
>unemployment.
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formatting link
>Sept. 25 (Bloomberg) -- Ford Motor Co. began work on a third
>Chinese car plant as it strives to challenge General Motors Co.
>and Volkswagen AG in a country set to pass the U.S. as the
>world?s biggest auto market.
>
>The $490 million plant will make revamped Focus cars when it
>opens in 2012, Ford Chief Executive Officer Alan Mulally said
>today at a groundbreaking ceremony in Chongqing, southern China.
>The factory, which will be able to make 150,000 vehicles a year,
>will boost Ford?s overall car capacity in the country to 600,000. >
>Mulally attended the event after also visiting India this week
>as Ford steps up investments in emerging markets that have
>withstood the slump in global auto sales. China vehicle sales
>may rise 28 percent this year, according to the government.
>
>?Ford knows it needs to catch up with GM and Volkswagen? in
>China, said Chen Liang, an analyst at Huatai Securities Co.
>?China is a bright spot for many global automakers because
>demand has been strong.?
>
>Ford and partners Chongqing Changan Automobile Co. and Mazda
>Motor Corp. already have a plant in Chongqing that can build
>267,000 vehicles a year and another in Nanjing that can produce
>180,000. The factories make Fiesta, Mondeo, Focus and S- MAX
>autos for Dearborn, Michigan-based Ford as well as models for
>Hiroshima, Japan-based Mazda. Changan owns 50 percent of the
>venture with Ford holding 35 percent and Mazda 15 percent.
>
I thought Ford owned Mazda???