Ford Motor Company (NYSE:F) has announced its plan to open a new auto plant in Thailand.
Ford Motor Company Expands Thai Plans
As a part of the move to boost its auto sales in the region, the US based auto maker giant Ford Motor Company (NYSE:F) is opening a new 215,000-square-foot plant in Thailand.
This new $450 million plant will be open by 2015 and is expected to produce about 150, 000 cars a year.
Joe Hinrichs, president of Ford Motor Company (NYSE:F) Asia Pacific and Africa said, “The opening of this new, world-class facility is the latest example in our aggressive growth plan for this region, which represents Ford’s largest industrial expansion in half-a-century.”
Ford Motor Company (NYSE:F) stocks are currently standing at 11.10.