Published On: Wed, Apr 15th, 2015

Ford Motor Company to invest 2.5 billion USD in Mexico

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Ford is planning to invest in manufacturing Plants

Ford Motor Co. announced on Friday its plans to invest in Mexico the amount of $2.5 billion dollars in the country´s growing automotive sector.

Ford will invest $1.3 billion to expand its plant in northern Chihuahua state, where it will build two new diesel engines, with another $1.2 billion planned for a transmission plant in central Guanajuato state, the sources said on Tuesday.

Ford announced its last major investment in Mexico in 2008, $3 billion to update its Cuautitlan plant in central Mexico to produce its popular Fiesta model.

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Billionaire Investment Planned for Mexico (Photo: yucatan.com.mx)

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The investment is estimated to generate 4,000 jobs in Chihuahua . (Photo: yucatan.com.mx)

 

Ford is Mexico’s fourth-largest auto exporter, according to official industry figures, selling 108,417 units abroad during the first quarter. The majority headed to the United States. The company also has a factory in the northern state of Sonora, where it produces the Fusion subcompact and the high-end Lincoln MKZ. In recent years foreign automakers have expander their presence in Mexico, due to its cheap labor force, and the proximity to the Unites States.

 

Source: http://www.reuters.com/

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