Apr 19, 2015
Ford Motor Co. said Friday it will spend $2.5 billion to expand its manufacturing operations at two sites in Mexico, the latest in a wave of auto investments flowing to the U.S.’s neighbor to the south.
The Dearborn, Mich., auto maker plans to invest $1.3 billion to build a new engine factory and expand existing operations in Chihuahua and another $1.2 billion to build a transmission plant in Guanajuato. The moves are expected to add 3,800 jobs to Ford’s global payroll.
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