After Toyota, Ford to invest $2.5 billion in Mexico
Just two days ago, Toyota said it will invest approximately $1 billion to construct its newest North American manufacturing facility in the state of Guanajuato in Central Mexico to produce the Corolla.
Ford has 11,300 employees in Mexico.
"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," said Joe Hinrichs, Ford's president of The Americas.
"These new engines and transmissions will help deliver even better driving experiences and fuel economy gains for customers around the world."
Ford will bring 3,800 direct new jobs plus additional indirect jobs to Mexico.
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.
Ford has 11,300 employees in Mexico. The Ford Fiesta, Fusion and Lincoln MKZ as well as the hybrid versions of both are manufactured in Mexico. Ford also has established an Engineering Center in Mexico, which employs more than 1,100 engineers who support global projects. ■