The FINANCIAL — Ford and JMC announced its plans for a brand new engine plant and two all-new Ford products, according to Ford Motor Company.
The JMC Xiaolan Plant launched more than doubles JMC’s annual vehicle production capacity to 545,000 units from 245,000 units previously, according to Ford Motor Company. The plant represents a US$300 million investment by Ford’s strategic partner Jiangling Motors Corp (JMC) and produces both Ford- and JMC-branded vehicles on a highly flexible production line that takes advantage of Ford’s global manufacturing expertise to ensure high quality while maximizing efficiency. The first vehicle to come off the production line at the plant was the seven millionth Ford Transit ever produced.
"Jiangling has been a great partner for Ford in China and we are excited about the expansion of our partnership," said Alan Mulally, Ford President and Chief Executive Officer. "We have a long-term commitment to this partnership and have plans in place to further increase capacity, bring in great new products, and introduce Ford’s leading global technologies," Mulally added.
In addition to launching its JMC Xiaolan Plant, Ford and JMC also announced plans for a brand new engine plant in its Xiaolan manufacturing base. The new engine plant will have initial annual capacity of 200,000 units, according to Ford Motor Company.
As part of its expansion of the JMC partnership, Ford will bring two new global products to JMC: an all-new Ford commercial vehicle as well as an all-new Ford SUV. When launched, Ford will have a full portfolio of vehicles in the heavy duty truck, light commercial, and SUV segments in China.
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