Ford India investment plans on track

Ford India said its 500-million-dollar investment plans are on track. As Ford’s American parent struggles financially due to the slump in U.S. sales, questions have been raised on its capability to fund its expansion in other parts of the globe. Ford India had announced plans to expand operations, which include increasing the capacity of its Chennai facility for manufacturing a new small car, besides setting up a fully integrated and flexible engine manufacturing facility to produce petrol and next-generation diesel engines for domestic and export markets. (December 12, 2008)