Making good on rumors which surfaced last week, Ford Motor Company on Friday announced a $2.5 billion investment into its operations in Mexico.
That amount will be split into three different Ford Mexico projects: an expansion of the existing four-cylinder and diesel engine lines at Chihuahua ($200 million), an additional engine facility at the Chihuahua Engine Plant ($1.1 billion), and a new transmission plant in the state of Guanajuato ($1.2 billion).
These Ford Mexico investments ought to create 3,800 new jobs, says the automaker. Around 500 of those will go to the existing I4 and diesel line, while another 1,300 will be attributed to the new Chihuahua-based engine facility. That new facility, set to be built within Ford’s existing Chihuahua engine plant, will make it the largest engine plant in Mexico.
Another 2,000 jobs will be added by Ford Mexico’s transmission plant – the automaker’s first in the country – which will be erected within the premises of transmission supplier Getrag. This plant will build two new automatic transmissions “for key products primarily in South America, Europe and Asia Pacific,” said the automaker in a statement.