Ford Motor Company plans to expand one of its engine plants in India.
From the Associated Press:
Ford Motor Co. says it will spend $72 million to expand an engine plant in India to support sales and export growth.
The company said today the investment in its Chennai engine plant will create more than 300 jobs. Ford plans to run the factory on three shifts per day.
When the expansion is complete in mid-2012, the factory will be able to build 80,000 more diesel engines per year than it does now. Currently the plant can make about 250,000 gasoline and diesel engines.
The company says it plans to introduce eight new models in India in the next four years.
Ford employs approximately 76,000 workers in North America, and 83,000 workers overseas (European Union, South America, and Asia/Pacific/Africa).