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Ford announces $2.5 bn plant investment in Mexico

The Ford Motor Company announced a $2.5 billion plan to expand factories in Mexico to make next-generation engines and transmissions

The Ford Motor Company on Friday announced a $2.5 billion plan to expand factories in Mexico to make next-generation engines and transmissions.

Speaking at an event alongside President Enrique Pena Nieto in Mexico's capital, Joseph Hinrichs, the company's president for the Americas region, said the projects in the states of Chihuahua and Guanajuato will create 3,800 direct jobs.