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Just a few months ago, Georgia has been lingering at the misfortune that has befallen them when two production plants in the state, one from Ford and another from General Motors, shut down. This week, however, traces of that misfortune can hardly be seen on many Georgia residents, especially those residing in or near Troup County. Instead, only excitement can be seen on their faces%n excitement brought about by the news that Kia Motors Corporation, the second largest South Korean auto manufacturer, will soon be setting up a plant in the area.

Credit Union (AXcess News) St Petersburg, Russia - Ford Motor Co. (NYSE: F) is looking at ways to boost production at its plant near St. Petersburg to 72,000 cars in 2007, the carmaker's president said Wednesday.

"Overseas sales are booming across the board, but conditions in the home market have been difficult, " Fukui said. "We hope to strengthen our product offerings and revitalize the flagging market." Still, honda 's robust global sales underline the bright outlook facing many Japanese automakers, including honda and Toyota, which have been expanding and booking record earnings, while U.S. rivals such as General Motors Corp. and Ford Motor Co. battle sagging sales by closing plants and cutting production.

Merchant Credit Guide Co The company will need additional investment to go ahead with the project, said Henrik Nenzen, Ford president for Russia and the CIS, but gave no specific figures.

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Apply Online For Credit Card Nenzen said Ford planned to import some 8,000 Ford Focuses from Germany to meet demand in Russia, and that the company had 32,000 outstanding orders in Russia. He said around $230 million had been invested in the factory outside Russia's second city so far, and that the company's output target for 2006 was 60,000 cars.

The demise of the Ford minivan is fast looming in the horizon. Ford Motor Corp is moving away from the minivan segment to focus on manufacturing crossover vehicles. Sara Tatchio, spokesperson for Ford confirmed that the automaker has ceased production of the Mercury Monterey while the Ford Freestar will see its final run in 2007. To replace the two retiring vehicles, Ford will start production of the new generation % mover% Ford Fairlane concept that debuted at the 2005 Detroit Auto Show. IRN Inc. brand analyst, Erich Merkle said %íhey are rethinking the minivan; It makes sense. The minivan segment has become far too competitive. seize crossover is a more prudent choice for Ford.

By Card Credit Debt Debt Guide Although Ford is shutting down plants in the U.S. in the faces of tough competition from Toyota Motor Co. (NYSE: TM) and Nissan Motors (Nasdaq: NSANY), Nenzen said it was not afraid of competition from its Asian rivals in Russia.

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Credit Repair Nissan unveiled plans Tuesday to build an assembly plant in St. Petersburg, saying a total of $200 million would be invested in the project, which would see the first cars adapted for Russia rolling off the production line in 2009. Production is initially set at 50,000 cars a year.

Active Credit Credit Guide Toyota has signed a memorandum on its intention to build a plant near St. Petersburg, and is completing an agreement on investments.

Credit Score Toyota and Nissan's advent in the region will be an additional spur for local carmakers, Nenzen said, adding that Ford's Russian branch bought 30% of component parts from Russian producers.

Bad Car Credit Guide Loan Shares of Ford closed up 27 cents, or 3.87 percent, at $7.25 Wednesday. Toyota's shares were up 32 cents at $116.30 and Nissan's shares closed down 1 cent at $25.95.

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