Ford confirms $2.5B Mexico investment

April 17, 2015 8:39 PM

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Ford confirmed Friday that it is investing $2.5 billion in new engine and transmission plants in the Mexican states of Chihuahua and Guanajuato, respectively.

The investment, which Ford says will created 3,800 direct jobs, has been widely expected this week. It follows an announcement by Toyota on Wednesday that it is spending $1 billion in Mexico on a new factory to build radically redesigned 2020 Corolla compacts starting in 2019.

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