Annual Report 2011 - Ford Motor Company
Annual Report 2011 - Ford Motor Company
Annual Report 2011 - Ford Motor Company
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1) Joe Hinrichs, Group Vice<br />
President and President,<br />
<strong>Ford</strong> Asia Pacific Africa with<br />
Narendra Modi, Chief Minister<br />
of Gujarat, at a signing<br />
ceremony for <strong>Ford</strong>’s investment<br />
of approximately $1 billion<br />
to build an integrated<br />
manufacturing facility in<br />
Sanand, Gujarat in India.<br />
2) Focus Job #1 launch at a new<br />
Assembly Plant in Chongqing,<br />
China. 3) <strong>Ford</strong>Sollers Plant in<br />
Vsevolozhsk, Russia builds its<br />
500,000th vehicle; the first<br />
Russian <strong>Ford</strong> Focus wagon.<br />
PROFITABLE GROWTH FOR ALL<br />
<strong>Ford</strong> recognizes the importance of a competitive<br />
global strategy and diverse revenue base. Our goal is to<br />
do more than simply grow globally, and the opportunities<br />
for global growth have never been greater. Dynamic<br />
growth markets including Brazil, Russia, India and China,<br />
and an emerging middle class worldwide, give us the<br />
opportunity to reach more customers with the products<br />
people want to buy and be a true global manufacturer.<br />
We’ve been retooling our entire product creation<br />
process — we want to grow profitably in every market<br />
where we do business. We have taken steps to allow us<br />
to create a strong business with a revitalized<br />
manufacturing system. We are able to provide<br />
customers with great products, contribute to a better<br />
world for our stakeholders and deliver profitable growth<br />
for all. We are fostering change all around the world by<br />
making progress on existing developments, breaking<br />
ground on new projects and announcing new plans.<br />
In Asia Pacific, we are building three assembly<br />
plants, in addition to the recently opened Chongqing<br />
3<br />
assembly plant, that will increase capacity in the region<br />
to 2.3 million vehicles annually by mid-decade.<br />
Ground was broken for a new, state-of-the-art<br />
integrated manufacturing facility in Sanand, Gujarat in<br />
India that represents an investment commitment of<br />
approximately $1 billion.<br />
<strong>Ford</strong> and Changan <strong>Ford</strong> Mazda Automobile Ltd.<br />
broke ground on <strong>Ford</strong>’s first transmission plant in China<br />
and a new engine plant in Chongqing.<br />
<strong>Ford</strong> and Sollers OJSC launched a 50-50 joint<br />
venture in Russia named <strong>Ford</strong>Sollers. The joint venture<br />
received long-term financing of about $1.4 billion. <strong>Ford</strong><br />
Transit will be among several new products that will be<br />
built by <strong>Ford</strong>Sollers.<br />
We continue to have high expectations for<br />
opportunities and growth in South America, including<br />
a new $500 million investment program revealed<br />
during the year at our engine and transmission plants<br />
in Taubate, Sao Paulo in Brazil.<br />
<strong>Ford</strong> <strong>Motor</strong> <strong>Company</strong> | <strong>2011</strong> <strong>Annual</strong> <strong>Report</strong> 7<br />
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