MOSCOW (MRC) -- The Ford Motor Company is planning to build a new manufacturing auto plant in Mexico, with plans to rev up production there, said Canplastics.
The Wall Street Journal is reporting that Ford plans to build a new assembly complex in San Luis Potosi and expand an existing facility near Mexico City.
According to the Journal, Dearborn, Mich.-based Ford 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. Reuters news service has also reported on the San Luis Potosi plant, citing unnamed Mexican officials.
As MRC informed earlier, in a bid to make vehicles more lightweight, DowAksa – a 50/50 joint venture between The Dow Chemical Co. and Turkish acrylic fibres producer Aksa Akrilik Kimya Sanayii A.S – is partnering with Ford Motor Co. to research cost-effective, high-volume manufacturing of automotive-grade carbon fibre.
The Ford Motor Company (commonly referred to as simply Ford) is an American multinational automaker headquartered in Dearborn, Michigan, a suburb of Detroit. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the Ford brand and most luxury cars under the Lincoln brand.