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Ford will open new auto plant in Mexico to try and rev up production in Latin America

Ford will open new auto plant in Mexico to try and rev up production in Latin America

Posted by PanamericanWorld on February 08, 2016

In an attempt to rev up production in Mexico, Ford plans to open a new auto plant in the Latin American nation, according to published reports.

The Wall Street Journal says Ford plans to build a new assembly complex in San Luis Potosi and expand an existing facility near Mexico City.

The Journal says the Dearborn, Michigan, carmaker will add 500,000 units of annual capacity there, beginning in 2018. That would be more than double last year's production in that country. The newspaper cites unnamed people briefed on the plan.

The move reflects how Mexico has become an attractive place for global carmakers.

Reuters also reported earlier on the San Luis Potosi plant, citing Mexican officials.

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