Ford to invest $2bn

SHANGHAI: US auto giant Ford will invest nearly $2 billion on research and development in China, it said on Monday, despite falling sales in the world’s biggest auto market. The 11.4 billion yuan ($1.8 billion) investment, to be completed by 2020, will build up Ford’s R&D capability in the country, especially at an existing engineering centre in the eastern city of Nanjing, the company said.