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F Ford Motor Company

12.4203
-0.0697 (-0.56%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Ford Motor Company NYSE:F NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.0697 -0.56% 12.4203 12.76 12.39 12.64 47,509,383 00:59:25

Ford Motor to Spend $1.8 Billion in China Over Next Five Years

12/10/2015 6:56am

Dow Jones News


Ford Motor (NYSE:F)
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SHANGHAI--Ford Motor Co. said Monday it will invest 11.4 billion yuan ($1.80 billion) in China over the next five years to deliver accessible innovations.

Company executives said they hoped the innovations such as autonomous driving, ridesharing and fuel-efficient vehicles will help Ford continue to grow its business in the world's largest market for cars, where it has doubled manufacturing capacity in the past five years.

"We think it's a great opportunity to grow not only our core business of selling cars and trucks, but also provide services to people that may not want a car but still want to be mobile," Chief Executive Mark Fields said on the sidelines of an event in Shanghai.

 

--Rose Yu

 

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


(END) Dow Jones Newswires

October 12, 2015 01:41 ET (05:41 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.

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