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Ford to unveil $2.5 billion Mexico investment on Friday

U.S. auto maker Ford Motor Co will this Friday announce an investment of around $2.5 billion in Mexico, according to industry sources, in the latest multi-billion dollar outlay in the country’s booming auto sector.

Ford will invest $1.3 billion to expand its plant in northern Chihuahua state, where it will build two new diesel engines, with another $1.2 billion destined for a transmission plant in central Guanajuato state, the sources said.

(Reporting by Reuters News)

Source: http://www.reuters.com/article/2015/04/14/us-mexico-autos-ford-motor-idUSKBN0N51TM20150414


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