Tuesday, April 14, 2015

Ford to unveil $2.5 billion Mexico investment on Friday - industry sources


(Reuters) - U.S. auto maker Ford Motor Co will this Friday announce an investment of around $2.5 billion in Mexico, according to industry sources, in the latest multi-billion dollar outlay in the country's booming auto sector.

Ford will invest $1.3 billion to expand its plant in northern Chihuahua state, where it will build two new diesel engines, with another $1.2 billion destined for a transmission plant in central Guanajuato state, the sources said.

(Reporting by Reuters News)

1 comment:

  1. Investments will cover the states of Chihuahua and Guanajuato, but currency fluctuations and economic instability raises concerns check out more at: http://tinyurl.com/q8dz8ra