Ford Plans New Factory in Booming Indian Car Market
The rapid economic growth found in places like India, Asia's third largest economy, creates a demand for many goods and services, including new vehicles. Last year, car sales in India were up an astounding 30 percent while total economic growth hit seven percent. With those numbers continuing to rise, Ford aims to be a focal part in the emergence of prosperity, and it took a big step towards that goal, breaking ground on a $1 billion dollar production facility in India.
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