Ford to Source $1 Billion in Part from China in 2004
Ford plans to source about $1bn in automotive components from China next year - later than originally planned - as part of ongoing efforts to buy such items from "low cost" countries in Asia and elsewhere.
Ford said last year that it aimed to have sourced $1bn in parts from such countries, including China, by the end of this year.
However Bill Ford, chairman and chief executive, told a media briefing that the company would "hit that amount" in China next year.
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