Ford has announced investments totaling $2,5 billion in new engine and transmission plants in Mexico.
The investment covers three projects: a new engine plant in the state of Chihuahua, the expansion of Ford’s I-4 and diesel engine lines in Chihuahua and a new transmission plant in the state of Guanajuato.
Ford says approximately 3,800 direct jobs and additional indirect jobs will be generated by the investment, which is part of the company’s One Ford plan. The announcement has been made during the celebration of Ford’s 90th anniversary in Mexico.
The new engine facility will be built within Ford’s Chihuahua Engine Plant, where the company will produce a new gasoline-powered engine for its small car lineup. The $1.1 billion investment will create 1,300 new jobs and will allow Ford to export engines to the U.S., Canada, South America and the Asia-Pacific region.
Also in Chihuahua, Ford will invest an additional $200 million and will create 500 more new jobs in the expansion of its current I-4 and Diesel engines production line. As a result of these investments, the Ford Engine Plant in Chihuahua will become the biggest engine plant in Mexico.
Additionally, Ford is building a new transmission plant within the premises of transmission supplier and longtime partner Getrag, which is based in the City of Irapuato in the State of Guanajuato. This $1.2 billion investment will bring approximately 2,000 new jobs.
Ford’s first transmission facility in Mexico will produce two all-new automatic transmissions for key products primarily in South America, Europe and Asia Pacific as well as other North American markets.