CHINA

Ford to Buy Stake in Jiangling Motors: The No. 2 U.S. auto maker plans to acquire a 20% stake in Jiangling in Nanchang, Jiangxi province, for about $41.9 million, an official with Jiangling Motors Corp. said. Ford Motor Co. will purchase 139.2 million of Jiangling Motors’ Class B shares, which are reserved for foreign investors, for about 30 cents a share, the Jiangling official said. Beijing-based Ford representatives did not return phone calls. Jiangling Motors is currently 71% owned by Jiangling Motors Holdings Co. and 12.5% owned by Japan’s Isuzu Motors Ltd.