Ford is investing US$1.6 billion in a new small car plant in Mexico, building a new manufacturing site in San Luis Potosi State. Construction begins this summer. Specific vehicles being produced at the new facility will be announced later.
This investment comes during Ford’s 91st year in Mexico, including manufacturing vehicles since 1925.
Mexico is Ford’s fourth-largest vehicle manufacturing site for global customers—behind the US, China and Germany. Vehicles produced in Mexico also serve customers in the US, Canada, China, Argentina, Bolivia, Brazil, Colombia, Chile, Paraguay, Peru, Uruguay and South Korea.
The investment is part of the company’s One Ford global product and manufacturing plan. During the past five years, Ford has invested more than $10.2 billion in Ford facilities alone in the US. In addition, Ford has invested $2.7 billion in facilities and supplier tooling in Spain, $2.4 billion in Germany and—with the company’s partners—$4.8 billion in China.