Hermasillo, MX -
Ford has announced a $1.3 billion investment in its auto manufacturing facility in Hermosillo Mexico in order to increase production and expects to add up to 1,000 news jobs as a result. This follows recent news that Nissan is investing $2 billion into a third plant in Mexico.
Mexico is currently the world's fifth largest automobile exporter and as Mexican President Felipe Calderon says, were "about to move into fourth place." The expansion of its Hermosillo plant will allow ford to ramp up production of its Fusion and Lincoln MKZ models.