Ford Motor to Spend $1.8 Billion in China Over Next Five Years
October 12 2015 - 1:56AM
Dow Jones News
SHANGHAI--Ford Motor Co. said Monday it will invest 11.4 billion
yuan ($1.80 billion) in China over the next five years to deliver
accessible innovations.
Company executives said they hoped the innovations such as
autonomous driving, ridesharing and fuel-efficient vehicles will
help Ford continue to grow its business in the world's largest
market for cars, where it has doubled manufacturing capacity in the
past five years.
"We think it's a great opportunity to grow not only our core
business of selling cars and trucks, but also provide services to
people that may not want a car but still want to be mobile," Chief
Executive Mark Fields said on the sidelines of an event in
Shanghai.
--Rose Yu
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(END) Dow Jones Newswires
October 12, 2015 01:41 ET (05:41 GMT)
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