Ford Motor on April 1 announced an additional US$ 10 million investment in Ford Vietnam Factory in Hai Duong province to increase its manufacturing capacity by 35% per year, according to Mr Dave Alden, Ford ASEAN’s Chairman, during his working visit in Vietnam.

The additional investment makes Ford the car manufacturer with the largest capital investment in Vietnam, at US$ 110 million.

It is expected that the extended assembly line with the annual capacity of 9,500 cars will be brought into operation by the middle of this year. The existing production chain can only turn out 7000 per year.

In 2007, Ford Vietnam saw a sales record of nearly 6,000 cars, up by 165% compared to 2006.

In the first three months this year, more than 2,200 cars of different types were sold, nearly double the figure of the same period last year.

Source: TBKTSG Online

Translated by Hoang Anh