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Does Ford have plants in Mexico?
Ford Motor announced their plans to spend over US$2 billion in order to build new facilities in various Mexican regions. As the representatives of the firm assure, they are going to build engine and transmission facilities. Such an impressive investment is connected with the 90th anniversary of the manufacturer in the country.
As a result of new plants building, almost 4,000 new jobs will be created for the Mexican population. Besides, there will also be indirect jobs as an addition. The announcement about the new plants was made on the 17th of April 2015 during the ceremony with E. P. Nieto (the Mexican President).
Concerning the engine facility, the manufacturer plans to build it in Chihuahua. It is the northern border state of Mexico. As for the transmission factory, its location is planned in Guanajuato, which is the center of Mexico. Ford Motors wants to spend over US$1 billion for the gas-powered engine facilities. The manufactured products will then be transported to various parts of the world including the United States, S. America, the Asian-Pacific region, and Canada.
Besides, about US $200 million will also be spent in order to expand the existing I-4 and diesel engines production. As a result, the facility will be the largest in the country.
US $1.2 billion will be spent on the construction of the transmission facility. It will be the first plant of such a type in Mexico for Ford. The production will be directed for export to:
- South & North America
The representatives of the Mexican government notice that such a decision will also add to their goal to become the 5th largest car manufacturer in the world. Mexico’s the 7th in the world and first in Latin America by now.
The similar plans were expressed by Toyota. They want to invest US $1 billion in order to build a plant in Guanajuato for Corolla sedan production.
Such a tendency shows that Mexico has all the necessary conditions and competitiveness for the investment and production of the vehicles.
Ford Motors: general information
Ford is an American manufacturer of various cars. The company was established in 1903 by H. Ford. They produce both automobiles and commercial vehicles. The facilities of the manufacturer are located all over the globe. The company keeps constantly developing. The new plants allow making the vehicles more available and creating more jobs for the people.