Ford and Mazda will spend $ 29 million on the Chinese JV

Ford and Mazda will spend $ 29 million on the Chinese JV The Ford jointly with Mazda and its Chinese partner Chang'an Auto - expect to invest approximately 58 million dollars in the expansion of automobile production in China. As reported himself Ford will spend on this 20,3 million dollars, Mazda - 8,7, and a Chinese company almost $ 29 million. The distribution of shares in the joint venture will remain the same: 50% belongs to Chang'an Auto, 35 percent of Ford, and the remaining 15 percent of Mazda.Such a large investment, analysts say, is justified only in 2007, sales of cars produced by the company, increased by 60 percent to 217 thousand pieces, which allowed Chang'an Ford Mazda in the top ten of China's largest automakers. And the plant capacity after expansion will be 410 thousand cars per year.The greatest demand in China is Ford Focus, as well as two new Chinese market - minivan Ford S-Max and new Ford Mondeo sedan. In addition, the Chinese JV now going sedans Mazda2.Note also that as a result of new financial investments share capital Chang'an Ford Mazda will grow to 350 million

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