Ford Not Scrapping Plans to Build Mexico Factories Ken Sunny - IBTimes
go to original February 17, 2017

In a surprising move, American carmaker Ford is reportedly sticking with its plan to build two new factories in Mexico. The Michigan-based carmaker previously announced its decision to scrap a $1.6-billion plant in Mexico after US President Donald Trump came down heavily on carmakers for selling Mexico-made cars in the US.

Ford said a factory in the central Mexican state of Guanajuato will build engines and transmissions, while another in the northern city of Chihuahua will make car parts for use by Ford factories in the US, South America and Asia, reported the AFP. This is a U-turn from the company's announcement on January 4 that it had scrapped $1.6-billion project in the central state of San Luis Potosi.

The two new facilities in Mexico will cost around $2.5 billion and employ some 3,800 people, said Gabriel Lopez, president and CEO of Ford Mexico. Ford has been operating in Mexico for about 90 years and currently employs around 9,000 workers in that country, according to Lopez.

See the original at IBTimes

Related: Ford Not Leaving Mexico Any Time Soon, Denies Political Motives behind Plant Closure (PanAm Post)

Related: Telemundo Guest Explains How Ford's Latest Move in Mexico Shows Trump "Deceived His Electorate" (Media Matters)

Photo: Reuters

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