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Politics : Politics for Pros- moderated

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To: Lizzie Tudor who wrote (12748)10/17/2003 2:47:25 PM
From: Neeka  Read Replies (2) of 793597
 
IMO you can blame the American consumer. If you can convince them to pay higher costs for American made vs foreign made products you will have solved the problem.

M

Ford announces $US1 billion China expansion plan
18 October 2003

BEIJING: US auto giant Ford Motor Co said yesterday it would boost investment by more than $US1 billion ($NZ1.7 billion) over the next few years as part of ambitious expansion plans in China's fast-expanding car market.

"The automotive future of China is very bright and we are participating fully in its growth. I am pleased to reaffirm our long-term plans for China," chief executive officer Bill Ford told reporters on his first trip to China.

Production at its joint venture Chongqing Changan Automobile Co Ltd would rise to 150,000 units from a current 20,000, as part of an expansion that would include a second car plant and engine plant. He did not give a timeframe.

stuff.co.nz
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