Monday, August 27, 2012

News Article 1

http://content.usatoday.com/communities/driveon/post/2012/08/ford-building-sixth-auto-plant-in-china/1#.UDxKiELR3dk

http://live.wsj.com/video/ford-bets-5-billion-on-made-in-china/23D2C17E-DBFF-4781-8E79-7E6442062D24.html


       Ford is planning on building its sixth plant in china, to try and increase sales into the world's largest auto market. It will be able to make 250,000 vehicles per year, when it's finished in 2014. Ford plans to double its production capacity to 1.2 million vehicles. It will be suited to make seven different models, and planning on introducing fifteen new vehicles by 2015. With 30 million cars on the road in China, they still have just 28 vehicles for every 1,000 people, and the U.S. 800 for every thousand. Ford's hope is trying to out sell GM, which controls 14% of the chinese market, and Ford only controls  3%.
     
      I am against Ford trying to move to China because of its sales in the U.S. slowing down. The unemployment rate in the U.S. is still at a low. If they built a new plant here, it would bring thousands of new jobs to Americans. There is a chance Ford will build cars in China because it is cheaper to make them them there. Then they can sell them over here, if Chinas auto market doesn't increase. Ford is trying to save themselves by going to China. But if they stay here, maybe they will open up more jobs, and maybe more workers and people will by more Ford vehicles.
 

1 comment:

  1. Polly - interest articles. Ford is probably building plants in China because the Chinese are a new growing market. Every Chinese wants a car - it's a status symbol in a growing economy. It makes sense for Ford. I suppose you could argue that Ford should build here and ship cars to China.

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