Ford confirms plans to invest $2.5 billion in new engine and transmission plants in the Mexican states of Chihuahua and Guanajuato, following an industry trend of ramping up production in the country.
“Ford is making a significant commitment to our business in Mexico with investment in two new facilities, while aiming to make our vehicles even more fuel-efficient with a new generation of engines and transmissions our team in Mexico will build,” Joe Hinrichs, president-The Americas at Ford, says in a statement today from Mexico, where the automaker is celebrating its 90th year of business.
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