DESCRIPTION:
Ford said it will build a $760 million factory in eastern China as part of a plan to double its production capacity there by 2015, marking the motor-vehicle maker's largest industrial expansion in at least 50 years. In what it calls its largest industrial expansion in at least 50 years, Ford is adding plants and dealerships in Asia, where it lags behind its chief rivals in sales and production capacity. When the expansion is complete in 2015, the Dearborn, Mich., company will be capable of building 1.2 million passenger cars a year in China—nearly half the number it built last year in North America.
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