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

  • Slow moving US road user charging programme
    July 18, 2012
    Bern Grush recently attended the Mileage-Based User Fee Conference in Austin Texas where the fledgling American landscape for Road User Charging is beginning to take shape. When I was a kid I liked to poke sticks into the ants' nests in sidewalk cracks. Ants would scatter in every conceivable direction. They ran in circles, they ran over and through each other. They screamed without logic. I was fascinated.
    Read More
  • TomTom secures traffic deal with Qoros Auto in China
    March 22, 2012
    TomTom, via its joint venture partner AutoNavi Holdings, has announce a seven year agreement with Qoros Auto, an international automotive corporation. The partners will deliver HD Traffic, marking the first real time traffic customer for the newly expanded joint venture. In 2013 the first cars, aimed at young metropolitan users, will hit the streets in China equipped with HD Traffic, providing drivers with accurate, comprehensive and up-to-date traffic information available.
    Read More
  • BMW of North America selects Inrix
    June 7, 2012
    BMW of North America has selected Inrix's premium traffic information service for next generation connected navigation systems in North America. As part of a multi-year contract, BMW is teaming with the company to provide drivers with real-time traffic, traffic-influenced turn-by-turn directions and alerts to accidents and other incidents along their route.
    Read More
  • China Yuchai announces new gas engine development project
    March 22, 2012
    China Yuchai International has announced that its main operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL) has inaugurated a new project to develop and produce a full portfolio of natural gas powered engines to complement its existing suite of diesel engines. In recent years, the policies of the Chinese government have encouraged energy conservation and emissions reduction.
    Read More

Highlighted Content