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Ford to invest $1.8 billion to expand R&D in China: CEO

Oct 12, 2015, 10:57 IST

Reuters

Ford Motor Co will invest 11.4 billion yuan ($1.8 billion) to expand research and development in China, Chief Executive Mark Fields said on Monday.

Fields, speaking at a corporate event in Shanghai, did not offer a time frame or further details on how the money would be spent.