Ford to spend $2.5 billion on new Mexico engine, transmission operations

April 17, 2015 6:52 PM

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Ford to spend $2.5 billion on new Mexico engine, transmission operations

MEXICO CITY (Reuters) - Ford Motor Co said on Friday will spend $2.5 billion to build a new generation of fuel-efficient engines and transmissions in Mexico, creating 3,800 jobs.

Ford said it will build a new engine facility within its engine plant in the northern state of Chihuahua. The facility will build a new gasoline engine that will be exported to the United States, Canada, South America and the Asia-Pacific region.

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