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8/8/2012 9:15:00 AM Write a Letter to the Editor Write a letter to the Editor

Ford Buying Chinese Heavy-Duty Truck Maker

Ford Motor Co.’s Chinese commercial vehicle unit agreed to buy a heavy-duty truck maker for about $42 million, Bloomberg reported Wednesday.

Jiangling Motors Corp., in which Ford owns a 30% stake, will acquire Shanxi province-based Taiyuan Changan Heavy Truck Co. from China Changan Automobile and China South Industries Group Corp., Ford said in a statement.

The deal represents “a great opportunity to continue to expand the breadth of our business in China across vehicle segments,” David Schoch, chairman and CEO of Ford China said in a statement, Bloomberg reported.

By Transport Topics

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