Ford Motor Co. (F) and its joint venture Changan Ford Mazda Automobile, or CFMA, opened a new assembly plant, "CFMA Chongqing Assembly 2" or CQ2.
CFMA is investing $490 million in CQ2, which will increase its production capacity in China by 150,000 units - to over 600,000 vehicle units overall. This is CFMA's second assembly plant in Chongqing and its third in China.
Ford noted that the plant is ramping up production of the all new Ford Focus, and will have produced more than 150 prototypes for testing as it prepares for the market launch in the second quarter. The all new Focus is built on Ford's global C-platform, or mid-size vehicle chassis.
At CQ2 and elsewhere, up to ten different kinds of vehicles will be produced on this platform, and the company will sell 2 million vehicles this year based on this platform.
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