Ford announces $2.5 billion investment in new engine and transmission plants in Mexico
April 20, 2015
Ford has announced it is investing $2.5 billion USD in new engine and transmission plants in Mexico. The investment will see a new engine plant in Chihuahua, expansion of Ford’s I-4 and diesel engine lines in Chihuahua and a new transmission plant in Guanajuato, Ford’s first transmission plant in Mexico.
The car maker stated that its investment, which comes during the celebration of Ford’s 90th anniversary in Mexico, will bring 3,800 direct new jobs plus additional indirect jobs to the country.
“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,” stated 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.”
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 USA, 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 largest engine plant in Mexico.
In addition, Ford is building a new transmission plant within the premises of transmission supplier and long-time 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.
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