Auto Alliance (Thailand) CO.,LTD. (AAT) was established in 1995 as a joint venture between Ford Motor Company and Mazda Motor Corporation to become the center of excellence for compact pick-up truck manufacturing for domestic and international export market. The AutoAlliance facility currently produces three major models – the Ford All-New Ranger, Mazda BT 50, Ford New Everest, Mazda 3, Mazda 2 and Mazda CX-3 Initial investment capital of more than US$500 million was made to build the first state-of-the-art, Integrated Manufacturing Facility (IMF). Facilities include a Stamping Shop, Body Construction Shop, Paint Shop, Engine Assembly Shop, and Trim, Chassis & Final (TCF) Assembly Shop for complete vehicles, or Complete Build-up Unit (CBU). In addition to CBU products, AAT also produces Complete Knock-Down (CKD) kits, which it supplies to several Ford and Mazda assembly facilities around the world. In 2007, Ford and Mazda announced plans to invest an additional US$500 million to expand operations with a new, highly flexible passenger car plant that will utilize the same systems and processes, and state-of-the-art automotive manufacturing technologies already in place at AAT. This latest investment brought Ford and Mazda's joint-investment total in the vast AAT facility to more than US$1.5 billion.