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Ford Motor Co. (NYSE:F) plans to raise its annual production capacity by nearly 60% in China by investing $600 million with its joint venture partner, Changan Automobile Group Co. The automaker expects to boost capacity at its plant in the southwestern city of Chongqing by 350,000 units per year to 950,000 vehicles per year by 2014. Construction of the expansion project is expected to start immediately.
Ford manufactures Focus, Fiesta, Mondeo and other models in China in a joint venture with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards