Ford announces $2.5-B auto plant investment in Mexico


MEXICO CITY: The Ford Motor Company unveiled Friday a $2.5 billion investment for engine and transmission plants in Mexico, the second major project announced in the country by a foreign auto power this week. The US firm’s plan to expand an engine plant in the northern border state of Chihuahua and build a transmissions factory in the central state of Guanajuato will create 3,800 jobs, the company said. The investment was announced by Ford’s president for the Americas region, Joseph Hinrichs, and President Enrique Pena Nieto at the Mexican leader’s official residence in Mexico City.



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