Ford on Track to Double Dealerships in China by 2015

Originally published on Fox Business. Ford (F: 12.31, -0.09, -0.73%) opened its third assembly plant in China on Friday, a move that puts it on track to double the number of dealerships in the car-hungry country by 2015 and outpace rivals. The Detroit automaker has been trying to expand in Asia to meet demand in the world's biggest auto market. The $490 million factory will increase Ford's passenger car capacity in China by one-third, or 150,000 units, to 600,000. The company said the 1-million-square-meter Chongqing plant, which it opened through a joint venture with Changan Ford Mazda Automobile, will focus on building Ford's next-generation Ford Focus underscores its “aggressive expansion in the Asia Pacific and Africa region.” Continue reading this article here.