From AFP:
US auto giant Ford has started construction on a $1 billion manufacturing and engineering complex in India as it bets on the country to help drive global growth, a company statement said on Tuesday.
The new manufacturing facilities in Sanand in the western state of Gujarat will create 5,000 jobs, and will be able initially to produce 240,000 vehicles and 270,000 engines a year, Ford said.
The first vehicles and engines are due to come off the line in 2014.
The complex highlights the automaker's plan "to aggressively grow the Ford brand in India," said Ford India president Michael Boneham.
The new manufacturing facilities are targeted at helping Ford reach its goal of increasing worldwide sales by nearly 50 percent by the middle of the decade to eight million vehicles a year.
By Douglas V. Gibbs
Ford Motor company is building new facilities overseas, producing jobs overseas, and is expanding overseas because the environment here is hostile. The Democrats always try to blame the GOP for corporations leaving the U.S., when in reality it is liberal policies that drive them out.
The democrats spend their time demonizing corporations, undermining them through draconian regulations and outrageous union contracts, and then wonders why these corporations are doing whatever they can to get out of the country.
Obama, and his liberal democrat cronies, are driving the jobs out of America. Obama's jobs bill is a crock, and the liberal policies in place is worsening our economy.
What's next? Are they going to start applying an exit tax too?
-- Political Pistachio Conservative News and Commentary
Ford building $1bn manufacturing complex in India - AFP
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