April 20, 2005
Ford and Mazda sign joint venture contract for new engine plant in China
Nanjing, China – The Changan Automotive Group, the Ford Motor Company and Mazda Motor Corporation have signed a joint venture contract for a new engine plant in Nanjing, in eastern China. The plant, which is scheduled to be operational by early 2007, will supply engines to assembly facilities in China, including one currently under construction.
“This growing Nanjing project is key to our expansion plans in China,” said Mark Schulz, Ford Motor Company executive vice president, and president Asia Pacific & Africa. “We are very pleased to sign the three-way agreement for a second production facility in Nanjing. With the new engine joint venture and the Changan Ford Nanjing Company vehicle assembly facility, we will be creating more quality jobs in Nanjing. At the same time we will expand Ford and Mazda products offered to Chinese consumers.”
In January 2005, the Chinese central government granted approval for the 190,000 square metre joint venture vehicle assembly plant in Nanjing. The assembly plant will have an initial annual capacity of 160,000 vehicles, and can be quickly expanded to meet market demand. Two new families of engines will be built at the new plant, which is part of a US$1 billion investment announced by Ford Motor Company CEO Bill Ford during a visit to China in 2003.