has it's own announcement to make. this from teh New York Times, Jan
8, 2008 --
Ford Motor plans to more than double its investment in India to
produce a small car for the fast-growing local market and to build an
engine manufacturing plant there.
The company is expected to announce on Tuesday that it will increase
spending in India by $500 million, raising its total investment to
$875 million, as it focuses on making the country a regional hub for
small-car manufacturing. Car sales in India are growing by more than
20 percent a year, compared with 3 percent globally, and first-time
buyers there are eager for cheap compact cars.
Several local and international automakers have recently announced
plans to make a small car specifically for India, inspired in part by
Tata Motors' impending introduction of a $2,500 car.
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