It’s a week for big automotive announcements in Mexico should the “industry sources” and “insiders” have it right. v Today, Reuters reports that Ford Motor Co. is also set to announce two big investments of its own: a US $1.3-billion expansion of its plant in Chihuahua, and $1.2 billion for a transmission plant in Guanajuato.
The expansion of the Chihuahua engine plant, located in the city of the same name, will allow it to build two new diesel engines and likely create 4,000 jobs.
The announcement will be made Friday to celebrate the auto maker’s 90th anniversary in Mexico, and it, too, will be attended by the president, the report said.
Industry figures say Ford is the fourth-largest auto exporter in Mexico, producing 108,000 units that were shipped abroad, mostly to the U.S.
Its last investment here was $3 billion to update the Cuautitlan plant in 2008.
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