Ford ramps up R&D in China

|About: Ford Motor Company (F)|By:, SA News Editor

Ford (F) plans to ramp research and development in China as it stays on a pace to sell more than one million vehicles in the region.

The automaker will add new facilities and increase headcount by 50% to close to 2K by 2018.

The goal of the initiative is to integrate "local customer insight" into product designs.