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Ford invests $82 million to expand Vietnamese plant

Ford invests $82 million to expand Vietnamese plant

Tuesday, January 14, 2020, 8:12 PM

Ford Motor Co said it is investing $82 million to expand its plant in northern Vietnam to boost production capacity. Ford Vietnam, established in 1995, said the expanded factory would boost the U.S. automaker's annual capacity in Vietnam to 40,000 vehicles from current volume of 14,000 units per year. The company reported it sold 32,175 cars in 2019, up 31% from a year earlier.
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