Ford Plans $1 Bln China Plant in Nanjing

[La_Serpiente]

Ford Plans $1 Bln China Plant in Nanjing

SHANGHAI (Reuters) - U.S. auto giant Ford (NYSE:F - news) plans to build a second car plant in eastern China to serve the booming area around the country's commercial hub, the company said Monday, playing catch-up to arch-rival GM (NYSE:GM - news) and others.

Ford, which aims to invest more than $1 billion in the world's fastest growing major car market in coming years, signed an agreement on Saturday that secured it rights to use land in Nanjing, a three-hour drive from China's richest city.

The new plant would grant Ford access to the bustling eastern provinces as well as better talent pools as it strives to compete against entrenched rivals General Motors Corp (GM.N) and Volkswagen AG (VOWG.DE) in the coastal markets.

But analysts said Ford's move may be too little too late, with those two better-established rivals together controlling about half the country's car sales.

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Ford Plans $1 Bln China Plant in Nanjing

[Nay]

1. So much for the idea that we can produce jobs here by making

things and exporting them! Does anyone need any more proof that big companies plan to skip the U.S. entirely when they want to put up a plant? What the hell do they need us citizens for? They don't.

Any company that does this needs to lose all its tax breaks, etc., in the U.S., but I'm not going to hold my breath. I think that Ford would just give us the finger and move lock, stock and barrel over to China completely. These soulless bastards will do anything for a buck.

[muriel_volestrangler]

2. Worth pointing out that US car exports outside the Americas

have been negligible for decades. Ford and General Motors have manufactured (and usually designed too) outside the USA since before the Second World War, for non-American markets.

[Sorry.]

3. why on earth would you set up a car factory in the US

metal workers are well paid and unionized (as a rule). China has some of the worst working conditions on the planet (rather ironic for a "worker's state")