| Ford Motor Co. announced earlier that it will be | | | | The building of the plant is done in cooperation |
| purchasing as much as $3 billion worth of | | | | with Mazda Motor Corp, its affiliate. That particular |
| China-made components to boost its aim to cut | | | | investment proved to be beneficial because Ford |
| production costs. The purchase transaction is | | | | China sales more than doubled in the first three |
| anticipated to take place this year."Ford will buy | | | | quarters of 2006. The automaker sold 114,685 |
| between $2.5 billion and $3 billion in auto parts in | | | | vehicles via direct sales. It was approximately 2.2 |
| China," said William Ford Jr., chairman of the | | | | percent of the 5.28 million vehicles sold in the |
| Dearborn, Michigan-based carmaker. Bill Ford | | | | particular period in China.Ford shares the biggest |
| explained, "We are only scratching the surface in | | | | slice of China sales with American auto giants - |
| China. China is very key to our global sourcing | | | | General Motors Corp. and DaimlerChrysler AG's |
| strategy particularly as the quality of the local | | | | Chrysler Group. General motors divulged that its 3 |
| suppliers' ramps up."Analysts in the auto industry | | | | quarters China sales increased by 37 percent to |
| explained that the reason behind the purchase is | | | | 645,680 units. DaimlerChrysler AG, on one hand, |
| the automaker's need for cheaper auto parts to | | | | reported perfected sale of 16,400 Mercedes-Benz |
| satisfy its goal to cut costs up to $6 billion by | | | | luxury cars in China and Hong Kong within same |
| 2010. It can be recalled that Ford experienced a | | | | period.Experts are saying that the recovery plan |
| slumped sales in the United States. Said plight | | | | of Ford has substantially contributed to the surged |
| resulted to third quarter loss amounting to $5.8 | | | | in sales. Nonetheless, some of the analysts noted |
| billion.Among the 3 largest American automakers, | | | | that the automaker is moving too slow while its |
| Ford was the last to produce vehicles in China. | | | | rivals are taking swift yet precise steps.Jason |
| Production took place in Chongqing city in the year | | | | Moore, a 35 year old freelance writer from |
| 2003. Ford Fiesta parts and those of Mondeo | | | | Austin, Texas. He also works as a marketing |
| where assembled in the territory. In that specific | | | | analyst for an established auto parts store in the |
| endeavor, the automaker invested $1.5 billion.In | | | | country. You can visit Ford Fiesta parts for more |
| 2004, Ford agreed to put up a third factory in | | | | information. |
| Nanjing city, China to assemble its 8 new models. | | | | |