Defence Professionals/ DFI member of 2
- Sep 28, 2011
Henry Ford's Century-Old Line Finds $15 Billion in China - Bloomberg
Ford vehicles assembled in China and the rest of Asia now outnumber those built in Europe for the first time. By 2015, Ford will have the capacity to produce more cars and trucks in Asia than it made last year in North America.
Wealth in Asia is surging even faster than it did in America following Henry Ford's manufacturing innovation and the five-dollar workday he introduced the following year. Just as when his Model T became the first car for millions of people, a burgeoning middle class in countries such as China means that at least two of three buyers in these markets are getting their first set of wheels.