Ford’s Presence in Mexico is Going to Get Mas Grande
The flag of Mexico has three main colors in it: green, white, and red. As we’ve been reporting for a while, the industrial areas of the country are going to have more Blue (Oval) flags flying over them in the future.
For instance, Ford is investing more than $2 billion in engine and transmission plants south of the border. It’s also moving production of its cars to Mexico. (The Mustang is staying put in good ol’ Michigan, though.)
Now comes even more news about Ford’s plans in Mexico, courtesy of the Wall Street Journal. The Blue Oval is going to construct a new assembly plant – at a cost north of $1 billion – and add capacity to an existing facility, enabling the brand to crank out an additional 500,000 vehicles starting in 2018.
Workers in Mexico, which cost Ford about 80 percent less than U.S. factory employees, will be producing the Focus and an all-new Prius-fighting hybrid, among other models.
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photo credit [Ford]