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Ford highlights Mexico's booming carmaking sector

Friday, April 17, 2015

Ford is poised to give Mexico’s carmaking sector a fresh boost today with the announcement of $2.5 billionn in manufacturing investments, further burnishing the reputation of the nation as a rising automotive powerhouse.

Michigan-based Ford is planning to spend $1.3 billion expanding an engine factory in the northern state of Chihuahua and $1.2 billion on a new gearbox plant in the central state of Guanajuato.

Source: Financial Times