Ford (F) breaks ground on a factory in Chongqing in southwest China, where it plans to start...

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

Ford (F) breaks ground on a factory in Chongqing in southwest China, where it plans to start making its 2-liter EcoBoost turbocharged engine. Although the country's market is cooling, Ford - and other car makers - see "a tremendous growth opportunity in the middle and the west." Meanwhile, the Chinese government has approved the break up of Ford's JV with Mazda and Chongqing Changan Automobile.