Ford To Announce $2.5B Investment In Mexico On 90th Anniversary

Cameron Aubernon
by Cameron Aubernon
ford to announce 2 5b investment in mexico on 90th anniversary

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.

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  • Kendahl Kendahl on Apr 15, 2015

    Given the drug cartel violence in Mexico, I'm surprised any foreign company would expand its facilities there. Maybe the reports, like the premature ones of Mark Twain's death, are greatly exaggerated.

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    • Bball40dtw Bball40dtw on Apr 15, 2015

      @RobertRyan Wrong again Bob. Mexico is far from being the most violent Latin American country. Also, based on even more recent statistics, Mexico has dropped in those ratings even farther. those are from 2012, which had 6000 more homicides than 2014. Other countries in Latin America had homicides increase.

  • APaGttH APaGttH on Apr 15, 2015

    Once upon a time the average Detroit auto worker made around $35 an hour. And there was much grousing about the workers being overpaid. So factories moved to right to work states in the south. Once upon a time the average southern auto worker made around $24 an hour. Auto companies enjoyed massive tax breaks to bring the jobs south. Detroit turned into a rotted out husk. Still, there was much grousing by the shareholders about workers being overpaid. So factories moved to Mexico. Once upon a time the average Mexican autoworker made around $4 (USD equivalent) an hour. And there was much grousing about them being overpaid...

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    • Highdesertcat Highdesertcat on Apr 15, 2015

      @DeadWeight No elected president was ever 100% accurate. And even if Ross Perot had been elected, both chambers of Congress would have been against his ideas for the betterment of America. And so it is every national election. The Majority rules, even if the voting majority is way less than the eligible electorate. And when things don't go their way, they b!tch, p!ss, moan, whine and complain just like all the libs and eco-freaks who now complain that their prez isn't doing what they want him to do. And we're not even mentioning the unions who now see that their Cadillac Health Plans will be heavily taxed in the future. So, I'm ROTFLMAO, because America always gets exactly what it deserves, because we vote for it.

  • Cameron Aubernon Cameron Aubernon on Apr 15, 2015

    Speaking of anniversaries, this Tax Day is my third anniversary with TTAC. On this day in 2012, I introduced fashion blogging into this piece about the New York Auto Show:

  • Eggsalad Eggsalad on Apr 15, 2015

    Quick: List all sub-$20k cars that are NOT built in Mexico. Chevy Sonic Hyundai/Kia Mazda3 um, and...?