July 7, 2000 |
Ford Motor Co. has won approval from the Chinese government to proceed with plans for an $80-million car plant, its first in China. Ford is to form a joint venture with Chongqing Changan Automobile Group to build the vehicles, said a senior Changan official. The official, who asked not to be named, said production could begin in two years. The joint venture would be split 50-50 between Changan and Ford, the Changan official said.