Ford (F +0.3%) confirms a $600M investment in its Chongqing plant in China, with the firm making...

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

Ford (F +0.3%) confirms a $600M investment in its Chongqing plant in China, with the firm making the investment along with JV partners Changan Automobile and Mazda (MZDAF.PK). The plan is to raise annual output by over 50% to 950K units - above expectations of 770K - as Ford looks to boost global sales by almost half to 8M cars a year by 2015.