The automaker is looking to go south of the border.
Ford has really stepped its game up recently and sales dictate that. Now The Detroit News reports that the automaker is looking to build a new assembly plant in Mexico to increase vehicle production by 350,000 cars annually. Ford is expected to invest roughly $1.5 billion into the new plant in the city of San Luis Potosi. Ford spokeswoman Kelli Felker stated that the automaker will “not comment on speculation,” but Ford is expecting to unveil its plans for the plant in Mexico in the first quarter of this year.
Ford plans to build two new engine and transmission plants in Mexico with another $2.5 billion investment, which would also create an additional 3,800 jobs. The American automaker also plans to spend an additional $1.1 billion to create an engine facility on its Chihuahua Engine Plant campus. The massive expansion will add another 1,300 new positions and the plant will be in charge of creating a new gas-powered engine. To save money, Ford is planning on moving the production of its Focus and C-Max away from the Michigan Assembly Plant. Ford isn’t the only automaker to look towards Mexico to build cars as Toyota and General Motors have announced large investments in the country, as well.