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Ford to set up auto sales company in east China

From Xinhua| January 23 , 2009 09:11 BJT

U.S. automaker Ford Motor Co. has got the green light from China's Ministry of Commerce to found an auto sales company in Taicang city of East China's Jiangsu province.

The new company will be named Greenway (Taicang) Auto Sales Co. Ltd., with registered capital of $1 million and total investment of $1.42 million.

Greenway Taicang will be mainly engaged in sales and exhibition of Changan Ford Mazda cars.

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