Ford to build its first transmission plant in China

Ford, together with its partners in China, is building its first transmission plant there to support its aggressive growth plan in the world's largest auto market. Ford's passenger vehicle joint venture in China, Changan Ford Mazda Automobile (CFMA) has signed a Memorandum of Understanding for the transmission plant project with the Chongqing Municipal Government. The plant, with an initial investment of US$350 million to be entirely funded by CFMA, will produce advanced fuel-efficient six-speed automati
April 23, 2012 Read time: 2 mins
RSS278 Ford, together with its partners in China, is building its first transmission plant there to support its aggressive growth plan in the world's largest auto market.

Ford's passenger vehicle joint venture in China, Changan Ford 1844 Mazda Automobile (CFMA) has signed a Memorandum of Understanding for the transmission plant project with the Chongqing Municipal Government. The plant, with an initial investment of US$350 million to be entirely funded by CFMA, will produce advanced fuel-efficient six-speed automatic transmissions with an initial annual capacity of up to 400,000 units, supplying Ford brand vehicles produced and sold locally by CFMA.

"This transmission plant investment represents yet another important milestone in Ford's accelerated growth plan for this important market," said Joe Hinrichs, president of Ford Asia Pacific and Africa. "Together with prior investments announced in the past few years, this new plant demonstrates Ford's unprecedented commitment to the China market and how we are leveraging advanced global technologies to support Ford's aggressive plan to introduce 15 brand new vehicles to China by 2015."

The transmission plant, to be located in Chongqing's New North Zone, is scheduled to break ground this July and start production in the fourth quarter of 2013.

Related Content

  • April 24, 2015
    Report: Invest now in fuel cell vehicles?
    According to IDTechEx, there is divided opinion on future of traction fuel cells in electric vehicles, though few argue any more that they will power the majority of electric vehicles (EVs). Nonetheless some manufacturers are very enthusiastic and now could be the beginning of the end of the trough of disillusionment, indeed the time to invest, as analysed in the IDTechEx report Fuel Cell Electric Vehicles 2015-2030: Land, Water, Air. A comparison of views by IDTechEx) found that Toyota, Nissan, Honda,
    Read More
  • April 20, 2012
    Ford to triple EV production capacity
    Ford Motor Company says it is tripling production capacity of its electrified vehicle lineup through 2013, further boosting volumes of its all-new C-Max Hybrid and C-Max Energi plug-in hybrid, which begin production next year.
    Read More
  • June 14, 2012
    Europe to lead insurance telematics market
    The number of insurance telematics users in Europe will grow from 1.5 million in 2010 to 44 million in 2017, initially driven by the UK and Italy, according to ABI Research. Despite aggressive efforts from Progressive, North America will continue to lag behind the European UBI market, it says. Vice president and practice director Dominique Bonte comments, “While insurance telematics or usage based insurance (UBI) is far from a recent phenomenon, renewed interest in this market has been observed from both es
    Read More
  • April 19, 2012
    New beginning for Think EV car maker
    A court-appointed trustee has selected Russian entrepreneur Boris G. Zingarevich, whose investment operations are based in St. Petersburg, Russia, as the winning bidder for Think Global electric vehicle manufacturer, following a bankruptcy proceeding initiated by the Norwegian carmaker last month. In addition, Zingarevich has signed a memorandum of understanding with American advanced lithium-ion battery maker Ener1, and Finnish automobile engineering and manufacturing concern Valmet Automotive, to cooperat
    Read More

Highlighted Content