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Ford expands its work in China by building another assembly plant for 150,000 units a year. The sales of Ford vehicles grew by 30% in the country and this was the reason for building the third facility which increases the total production in China to 450,000 vehicles annually.
According to the media Ford is building it in Chongqing, southern China. This is going to be the second plant in the city because Ford already has a large facility there which assembles Fiesta, Mondeo, Focus and S-Max. Right now the automaker shares the plant with its partner Changan Automobile and Mazda which also build their cars there. Another plant of the same size in situated in Nanjing, the major city in the south of China.
Ford is planning a big opening ceremony where the news will be broken, so far the representatives of the company deny commenting anything about the plant. The President and CEO of Ford Motor Company, Alan Mullaly is going to attend the big event.
Daimler AG has announced that is sold 5.34% of the stake in Tata Motors. The German company has raised more than $400 million for the shares it did not want to hold any more.
General Motors does not have much luck with the brands it was going to sell. From the very beginning the manufacturer did not have much hope for any future of Pontiac and the brand was completely eliminated. Saturn/Opel had several potential buyers, but the deals were not successful as GM thought, so it still belongs to the American company.
In the light of the recent mega-recalls Toyota started losing sales. In order to slow down the production, the manufacturer has decided to close two U.S. plants for an indefinite time till things clear up for the company.
Opel deal still remains unsolved and now General Motors thinks about keeping the brand. So far the spokesman of the company says they would not comment anything on Opel story.