Ford chryslers to invest $1.6 billion in a $5.5 billion auto company
Ford Motor Co. has announced plans to invest more than $1 billion in its car and truck maker Chrystal Automotive, which will add to its existing portfolio of automotive businesses.The investment comes amid mounting competition from rival automakers like General Motors Co., Fiat Chrysler Automobiles NV and Volkswagen AG, which have all ramped up production…