Ford Investing $2.5 Billion in Mexico to Build Engines and Transmissions
Mexico has been the new go-to place for car manufacturers which are looking at expanding, and the latest car manufacturer to announce its plans for Mexico are Ford.
The American based car manufacturer has just announced that it will be investing $2.5 million in a new transmission and engine plant in Mexico.
The investment will cover three projects that are a new plant in Chihuahua that will specifically deal with engines. In addition to that, the plant in Chihuahua will also focus on the expansion of Ford’s diesel engine lines and lastly a plant in Guanajuato that will focus on transmissions.
According to Ford, their billion dollar investment in new plants in Mexico will generate an estimated 3,800 direct and indirect jobs, which is also in line with the company’s One Ford plan. The announcement was made during a celebration of the company’s 90th anniversary in Mexico.
It is expected that Ford will be producing a new gasoline-powered engine that is specifically designed for its small car lineup. In addition to that the facility will be in charge of building the car makers engine within Ford’s Chihuahua Engine plant. An investment of $1.1 by Ford is said to create an estimated 1,300 jobs and will allow the car manufacturer to export its engines to Canada, Asia-Pacific region, South America and the U.S.
An additional $200 million investment is set to create an estimated 500 new jobs in the expansions of the car makers 1-4 and diesel engines production line. This investment will position Ford Engine Plant, which is to be situated in Chihuahua, as the biggest engine plant in Mexico.
An additional $1.2 million investment will help create an estimated 2,000 jobs.