Ford Motor Co was slow out of the starting gate in Asia but now the number two US automaker is betting big on the region to drive global growth, says its Asia-Pacific chief.
Ford has just announced plans to spend $1 billion to build a second car and engine complex in India
as it ramps up production to exploit the country's fast-growing vehicle market, bringing to seven the number of plants it is building in Asia.
'This is the only place in the world where we have new plants under construction,' Joe Hinrichs, head of Asia-Pacific and Africa for Ford, told the AFP in an interview on a visit to New Delhi.
Source : New Age
