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Saturday, September 26, 2009 at 12:29 AM
12:29AM

Asia: the future of the car

DateSaturday, September 26, 2009 at 12:29AM

ARTICLE: India: Ford Plans to Build Small Cars, By BLOOMBERG NEWS, September 3, 2009

Another example of the growing wave of announcements by U.S. car manufacturers that their future lies in Asia:

Ford Motor said it planned to start producing a small car in India next year. The car will be sold in India and exported. Rising disposable incomes in India may more than double car sales, to three million annually, by 2015. Ford expanded a factory near the city of Chennai with a $500 million investment. The plant will have an annual capacity of 200,000 vehicles.

AuthorThomas P.M. Barnett Comment1 Comment |
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Reader Comments (1)

Which, in turn will drive up Gasoline and Diesel demand and CO2 output . . for which the US Citizens will be forced to pay taxes and higher fuel prices . . should we be joyful?
September 26, 2009 | Unregistered Commenterlarge

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