Taipei, Feb. 16 (CNA) Ford Lio Ho Motor Co. Taiwan announced on Thursday it will invest NT$4 billion (US$130 million) to upgrade its production processes in Taiwan and manufacture the Escort series of family cars.
Company president Tim Chu (朱忠園) said that as part of a program to improve the quality of Ford vehicles, the new investment will mainly involve the purchase of new equipment and introduction of intelligent production.
In the meantime, Ford Lio Ho plans to add more options to its Escort passenger car series to meet customer demands.
Under the One Ford strategy, which emphasizes global vehicles and platforms, Chu said the company will make a mid-sized Escort passenger car using the head company's C-Car chassis.
The company is 70 percent owned by Michigan-based Ford Motor Company and 30 percent owned by Taiwan's Lio Ho Automotive Industrial Corporation.
(By Tien Yu-pin and S.C. Chang)