Ford planning to build its first transmission plant in China

Article by Christian A., on May 19, 2011

In support of Ford Motor Co.’s tremendous growth in China, the carmaker and its Chinese partners will soon open Ford's first transmission plant in the country. Construction will start in July.

Ford revealed that Changan Ford Mazda Automobile Ltd. (its passenger-vehicle joint venture in China) inked a memorandum of understanding with the Chongqing municipal government with regards to the plant. The joint venture will fund the initial investment, estimated at $350 million.

This plant will manufacture six-speed automatic transmissions and it is set to begin production in the fourth quarter of 2013.

Ford said that it can produce up to 400,000 units annually for Ford-brand vehicles made and sold in China. The factory will be put up in Chongqing's New North Zone. In 2010, Ford sold 582,500 vehicles in China.

It is aiming to catch up to General Motors Co., which has revealed plans to double its sales in China to about 5 million vehicles by 2015.

Last April, Ford said that it will offer 15 new vehicles; it will double its dealerships from 340; and add 1,200 new jobs in China by 2015. Joe Hinrichs, president of Ford Asia Pacific, said that the investment for this transmission plant investment is a milestone in Ford's accelerated growth plan for this significant market.

If you liked the article, share on:

Comments

Recommended

The 2018 Cadillac CTS-V sedan will be getting a new paint job that will give it a unique icy feel. Dubbed the Glacier Metallic Edition, this special model was built...
by - August 23, 2017
During the North American International Auto Show at Detroit in 2015, Hyundai introduced a concept pickup truck they named the Santa Cruz. This model took home the Concept Truck of...
by - August 23, 2017
Porsche introduces the technologically advanced wheels with braided carbon fiber. These will be initially available on the 911 Turbo S Exclusive Series. Being the first car manufacturer to offer such...
by - August 23, 2017
All eyes were turned to the fuchsia pink bespoke McLaren 720S MSO at the 2017 Pebble Beach Concours d’Elegance Sunday. Surely, we can understand why. The one-off supercar, which was...
by - August 23, 2017
Hyundai Motor Group – including both Hyundai Motor and Kia Motors – has disclosed a wide-ranging plan to introduce 31 environment-friendly models in a new development roadmap that aims to...
by - August 22, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries