NewsFord Motor to revamp three Mexican plants
06/17/06 - newratings.com
NEW YORK, June 17 (newratings.com) – Ford Motor Co (F), the second-largest US automaker, Friday announced its plans to expand three factories in Mexico over the next several years as part of its efforts to restructure its North American operations.
Without specifying the estimated costs involved in the expansion of the three plants, the Dearborn, Michigan-based company said on its website that it would upgrade and expand auto assembly plants in Cuautitlan, which produces about 15,000 F-250-550 models per annum, and Hermosillo and an engine plant in Chihuahua. Ford Motor, which had announced its intention in January to build a low-cost manufacturing facility as part of its "Way Forward" plan, added that it has not as yet decided on the location of the plant, which might be built in the US, Canada or Mexico.