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.