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Ford Motor Company Lines Up $760m Investment


Ford Motor Company (NYSE:F) has announced its new investment plan in China.

Ford Motor Company Lines Up $760m Investment

The US based auto maker giant Ford Motor Company (NYSE:F) is investing about $760 million to build a new plant in Zhejiang province in eastern China.

The facility will initially boost the company’s annual capacity in China by 250,000 vehicles when production begins in 2015.

The announcement comes two weeks after Ford Motor Company (NYSE:F) said it would invest $600 million to build a third plant at its Chongqing complex in southwest China and is part of the largest and fastest expansion by the company.

Ford Motor Company (NYSE:F) stocks were at 11.66 at the end of the last day’s trading. There’s been a -4.5% movement in the stock price over the past 3 months.

Ford Motor Company Lines Up $760m Investment
Ford Motor Company (NYSE:F) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.54
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.64
Zack’s Rank: 2 out of 6 in the industry


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