Ford India to continue expension

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Leading car manufacturer of US Ford Motors is planning to expend its business in India. Although almost all leading car manufacturer of world holding down their expension plans due to global credit crunch.

According to Ford officials the expension plans which was announced in January 2008 is going as per schedule and there is no scarcity of funds from US head office. According to reports about 70% of this cost will come from us headoffice and remaining cost will be afforded by company through debt.

The project will completed in starting of 2010. And after the completion of this project Ford's production capacity will increase upto 2 lakh units a year.