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.
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.
more recommended stories
Personal Development tips that you Should Apply Today
Oftentimes, we will meet people with.
What Are Medigap Plans?
If you are above the age.
Chicxulub Crater Museum, another incomplete project left by the previous state administration
According to Yucatan Expat Life, the Chicxulub.
Mérida offers the best quality of life in all of Mexico
According to Mexico News Daily, Mérida,.
Will the next “Caravans” depart out of Southamerican countries?
Tapachula, Chiapas.- Central American governments issued an.
There will be no “Smoke on the Water” over the “White City”
The British music group Deep Purple,.
Mexican drug lord Héctor Beltran Leyva arrested in 2014, dies of heart attack
MEXICO CITY (AP) — Mexican drug.
90% hotel occupancy is expected for Mérida during Christmas season
MÉRIDA, Yucatán.- “Cultural and artistic programs.
New flight Mérida – Bajío (Guanajuato) started operations on Nov. 16
“With the opening of the new.
Migrant caravan: Mexican border city Tijuana protests against “invasion”
The images of hundreds of residents.