(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)
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
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