Automaker Not Cancelling Mexico Plant As Previously Stated
It appears as though Ford is no longer on the Trump bandwagon as the American automaker is backing off of it’s pledge to cancel the it’s plans for building a plant in Mexico.
From Yahoo:
Ford is sticking with its plan to build two new factories in Mexico, despite an announcement last month that it had scrapped plans for a plant in the central state of San Luis Potosi.
The US carmaker said a planned factory in the central 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 United States, South America and Asia.
The two facilities will cost about $2.5 billion and employ some 3,800 people, said Gabriel Lopez, president and CEO of Ford Mexico.
Ford without warning last month canceled plans to build a $1.6 billion project in San Luis Potosi.
In January Ford had stated that it would be creating 700 new jobs in Michigan with a $700 million U.S. investment.
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