Ford will announce an investment of around $US2.5 billion in Mexico this Friday, according to Reuters, which cites industry sources.
Reuters reported that Ford will invest $US1.3 billion to expand its plant in northern Chihuahua state, where it will build two new diesel engines, with another $US1.2 billion destined for a transmission plant in central Guanajuato state, the sources said.
In March, Ford reported US retail sales rose 1%, while fleet sales were down 13% and overall sales fell 3% to 235,929 vehicles.
Year-to-date, shares of Ford are up about 3%, and the stock is roughly flat in the last year, gaining 2%. On Tuesday, shares of Ford were up a bit less than 1%.
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