Ford’s Going to Invest $2.5 Billion into New Engine and Transmission Plants in Mexico
As Ford continues to increase its 2015 F-150 production speed, it announces it’s going to pump $2.5 billion into its operations in Mexico.
Two sites – one in the State of Chihuahua for the manufacturing of a new gas engine and one in the State of Guanajuato for the production of transmissions – will be new.
The Blue Oval is going to invest $1.1 billion into and employ 1,300 people at the former facility, which will be housed within the Chihuahua Engine Plant. That money and workforce will “allow Ford to export engines to the U.S., Canada, South America and the Asia-Pacific region, supporting the company’s growing small car lineup.” The latter location in the City of Irapuato – a transmission plant inside supplier/partner Getrag’s site – will benefit from $1.2 billion of Ford’s money and employ approximately 2,000 people. They’ll manufacture two all-new automatic gearboxes for vehicles “primarily in South America, Europe and Asia Pacific as well as other North American markets.”
Hmmm… New autos? Other North American markets? Perhaps the 10-speed boxes for the F-150s and 2017 Raptors will be made in Mexico.
The third site, the Ford Engine Plant in Chihuahua, already exists. It cranks out I4 and diesel engines. After an injection of $200 million and 500 more jobs, it will become the largest engine plant in Mexico. Aye, chihuahua!
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