Ford, Jiangling break ground on $300 mln China plant

SHANGHAI, July 18 (BestGrowthStock) – Ford Motor (F.N: ) and its
partly-owned Jiangling Motors Corp (000550.SZ: ) broke ground on
Sunday on a $300 million vehicle plant in central China as the
partners speed expansion in the world’s largest auto market.

The facility, capable of producing up to 300,000 units
annually, will start operation at the end of 2012, the U.S.
automaker said in a statement.

Jiangling, 30 percent controlled by Ford, currently operates
two plants, with combined capacity of 210,000 units, making JMC
and Ford’s Transit models.

Models carrying Ford and JMC nameplates will be made at the
new facility, it said.

(Reporting by Fang Yan and Jacqueline Wong; Editing by Ken
Wills)

Ford, Jiangling break ground on $300 mln China plant