Exclusive: Ford plans $2.5 billion investment in Mexico

April 14, 2015 5:22 PM

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Exclusive: Ford plans $2.5 billion investment in Mexico

(Reuters) - Ford Motor Co (F.N) on Friday will announce an investment of about $2.5 billion in Mexico, industry sources said, the latest multibillion-dollar outlay in the country's booming auto sector.

Ford will invest $1.3 billion to expand its plant in northern Chihuahua state, where it will build two new diesel engines, with another $1.2 billion planned for a transmission plant in central Guanajuato state, the sources said on Tuesday.

Also read: India's Adani to raise investment by $439 mln in Odisha state

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