Ford will open its fourth plant in China
Ford CEO Mark Fields attended at the official opening ceremony of the fourth production plant that Ford will open in China (the top manager then will fly to India for the opening of another plant in Gujarat).
The factory is located in Hangzhou city and it will allow Ford to increase the pace of its local production to about 1.2 million vehicles a year, thus doing better than the Hyundai Group that assembles 1.05 million units.
Among foreign manufacturers only Volkswagen, General Motors and Nissan build and sell more in China. In the new plant in Hangzhou, Ford will initially produce the Taurus sedan and the Edge SUV with focus on Chinese customers. The best-selling Ford model in China remains Focus.