Cars

Ford to build engine plant in Chongqing

(Agencies)
Updated: 2010-09-26 13:53

Changan Ford Mazda Automobile Co will spend $500 million to build an engine plant in Southwest China's Chongqing, Bloomberg reported Saturday.

iPad comes to China Related readings:  Ford to launch first ever SUV model in Chinese market  Ford China's August sales up 24%  Ford's China sales fall in July

The plant will increase Ford's engine capacity by 400,000 units in China, the report said, citing an e-mail statement from the company.

Construction of this plant will begin next year, and engine production will start in 2013, Ford officials said in the statement. By then, production will more than double the current level.

Changan Ford Mazda Automobile Co is a joint venture funded by Chongqing Changan Automobile Corporation, Ford Motor Company and Mazda Motor Corporation.