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

  • US to field trial connected vehicle technology
    April 17, 2012
    The US Department of Transportation (DOT) has announced that the University of Michigan will conduct a road safety field trial in Ann Arbor, Michigan, which will include the installation of wireless devices in up to 3,000 vehicles in one location, to evaluate the effectiveness of connected vehicle technology to prevent crashes.
    Read More
  • Report forecasts rapidly changing market for drones
    February 19, 2015
    A new IDTechEx report, Electric Drones: Unmanned Aerial Vehicles UAVs 2015-2025, examines the market for drones or unmanned aerial vehicles (UAVs), saying that most of the market value today lies in military applications, both for electric and - the big money - non-electric versions. Nonetheless, small UAVs are increasing in sales fastest and that is primarily down to non-military applications. From 2026, civil uses will greatly exceed military in market value. The report forecasts it all but concentrates o
    Read More
  • Cable cars come of age in trans-continental expansion
    April 30, 2015
    David Crawford explores a high-level option of public transport. Sharing its origin with that of ski lifts at winter sports resorts in the European Alps, urban aerial cable transport is attracting growing interest as a low-footprint, low-energy alternative to conventional public transport that can swoop over ground-level traffic congestion.
    Read More
  • Growth of ANPR applications for enforcement, tolling and more
    February 1, 2012
    Automatic number plate recognition continues to find new applications beyond the traditional. In coming years, we can expect the application set to grow significantly Moore's Law has seen to it that computer processing power has improved out of all comparison in the 30-plus years since the first working Automatic Number Plate Recognition (ANPR) system was created by the UK's Police Scientific Development Branch. The attendant increases in systems' capabilities have resulted in ANPR being deployed globally
    Read More

Highlighted Content