Ford Invests $1.6 Billion in Small Car Production Plant in Mexico
Trump’s worst nightmare.
To increase production capacity for small cars, Ford announced plans for a new manufacturing facility in Mexico, located in San Luis Potosi State.
The U.S. automaker plans to invest $1.6 billion in the new facility, with plans to begin construction this summer. The facility, slated for opening in 2018, will create 2,800 new jobs by 2020. There are no specific models announced yet for production in this plant, but the first cars are predicted to roll off the end of the line in 2018, despite predicted grumblings from presidential hopeful Donald Trump.
With the additional production in Mexico and increased supply in the U.S., Ford is keen on investing in other markets as well, recently announcing a $170 million investment into a South African plant to build the new Everest SUV and the midsize Ford Ranger pickup truck. The changes made to the existing production facility, located in Silverton, South Africa, will supplement current Everest production by 10,000 units a year. The Everest is also built in Thailand, India, and China.
While the Ranger isn't sold in the U.S., at least not yet, Ford exports the pickup truck to 148 countries in Africa, Middle East, and Europe.
Look for more news on the Mexico production plant as construction begins.