Ford China joint venture acquires factory in $1.1 billion deal| Reuters

 

“We are looking for long-term growth opportunities,” Ford spokeswoman Claire Li said, adding that it will help the company’s geographic coverage of the country. Ford currently has factories in western China’s Chongqing and Hangzhou in the Yangtze River Delta on the eastern coast.

 

Vehicle sales in China, the world’s largest car market, rose 6.9 percent last year and are expected to grow 7 percent in 2015, the China Association of Automobile Manufacturers says.

 

Curated from Ford China joint venture acquires factory in $1.1 billion deal| Reuters