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.

For more information on companies in this article

Related Content

  • Panasonic in Colorado: Rocky mountain way
    December 3, 2018
    Panasonic is at the heart of a C-V2X project which began last year in Colorado. The company’s smart mobility boss Chris Armstrong tells Adam Hill how it is working out Colorado needs traffic and transport solutions – and fast. The US state’s population has grown 50% in the last 20 years and another 50% hike is predicted in the next 20. It also spends more than $13 billion in roadway crash costs each year. In 2015, 546 people died in traffic-related crashes, and more than 3,000 were seriously injured.
    Read More
  • Solid growth and improved profitability for IRD in 2013
    February 28, 2014
    International Road Dynamics (IRD) has announced solid growth for the three months and year ended 30 November 2013, with revenue up 14.7 per cent in the fourth quarter and 5.0 per cent for the year. The company says increasing service revenue contributed to improved profitability and stability of cash flows, while its China XPCT investment contributed strong earnings in the fourth quarter and the year. Revenue in the fourth quarter of fiscal 2013 rose 14.7 per cent to US$12.6 million compared to US$11.0 m
    Read More
  • Bosch ESP milestone
    April 2, 2012
    Bosch has announced it has manufactured 75 million ESP systems since series production began in 1995 – and in the process made a vital contribution to greater road safety. Especially on slippery roads and when entering a bend too quickly, the electronic stability programme keeps vehicles safely on track. In this way, it prevents skidding accidents, which can often be particularly severe. Summarising the findings of many studies of its effectiveness, Gerhard Steiger, the president of the Bosch Chassis System
    Read More
  • Oslo to build biogas plant to supply green fuel for buses
    April 19, 2012
    The city of Oslo in Norway is constructing a new biogas facility which will convert food waste such as coffee grounds and banana peels into green fuel for buses beginning 2013. Local company, Cambi, is constructing the plant, which is to produce the energy equivalent of four million litres of diesel fuel per annum. The plant will use the thermal hydrolysis method. According to the Acting Plant Manager of the Oslo Municipality Waste-to-Energy Agency, Anna-Karin Eriksson, complete capacity for the biogas plan
    Read More

Highlighted Content