Ford: a $2.5 Billion Investment in Mexico

519

imagesFord is going to invest $2.5 billion in Mexico in the two new facilities wehere a new generation of engines and transmissions will be produced. The investment comes during the celebration of Ford’s 90th anniversary in the country and will bring 3,800 direct new jobs plus additional indirect jobs to Mexico. Ford officials announced the investment last week during a ceremony with Mexican President Enrique Peña Nieto and other members of the country’s Federal Government.

The new engine facility is being built within Ford’s Chihuahua Engine Plant, where the company will produce a new gasoline-powered engine. This $1.1 billion investment and 1,300 new jobs will allow Ford to export engines to the U.S., Canada, South America and the Asia-Pacific region, supporting the company’s growing small car lineup. An additional $200 million dollar investment as well as the creation of 500 more new jobs is tied to the expansion of Ford’s current I-4 and Diesel engines production in Chihuahua. As a result of these investments, the Ford Engine Plant in Chihuahua will become the biggest engine plant in Mexico.

In addition, Ford is building a new transmission plant within the premises of transmission supplier and longtime partner Getrag, which is based in the City of Irapuato in the State of Guanajuato. This $1.2 billion investment brings approximately 2,000 new jobs. This new plant – Ford’s first transmission facility in Mexico – will produce two all-new automatic transmissions for key products primarily in South America, Europe and Asia Pacific as well as other North American markets.