This Friday, Ford will announce a $2.5-billion investment plan for two of its factories in Mexico.
According to Reuters, Ford will spend $1.3 billion to expand its engine production facility in northern Chihuahua for two new diesels, with the remaining $1.2 billion to go a transmission plant in Guanajuato. A government representative said the Chihuahua investment would create 4,000 jobs as a result.
The announcement will be made in Mexico City in celebration of Ford's 90th anniversary in Mexico, with Mexico president Enrique Peña Nieto set to attend. Ford's previous major investment occurred in 2008, when the automaker spent $3 billion to update the Cuautitlan plant for production of the Fiesta.
The post Ford To Announce $2.5B Investment In Mexico On 90th Anniversary appeared first on The Truth About Cars.
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