Re: Ford Begins Work on 3rd China Car Plant in Asia Push. U. S. jobs will never return now.

Change! LOL! All you union guys got what you voted for,

>unemployment. > >
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>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???

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Ashton Crusher
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