At the height of presidential election drama, Ford Motor Co. may have given one of the leading contenders a new soapbox to stand on as it confirmed plans to build a $1.6 billion plant in Mexico.
The Dearborn, Michigan-based automaker expects to begin construction on the new plant this summer with production starting in 2018. The site will produce small cars for the automaker and will create 2,800 new jobs by 2020.
“We’re improving the profitability of our small cars,” Ford President of the Americas Joe Hinrichs told the Detroit News. It has been widely reported that the maker expects to build its Ford Focus and C-Max models in the country. (more…)