Ford picks Mexico for $2.5-billion engine investment - Detroit Free Press

Ford Motor Company president for the Americas, Joseph Hinrichs (L) talks with Mexican President Enrique Pena Nieto during a press conference at Los Pinos presidential palace in Mexico City on April 17, 2015. The Ford Motor Company on Friday... Speaking at an event alongside President Enrique Pena Nieto in Mexico's capital, Joseph Hinrichs, the company's president for the Americas region, said the projects in the states of Chihuahua and Guanajuato will create 3,800 direct jobs. 1 billion to build a new engine plant within its plant in Chihuahua, Mexico, to build new gasoline engines. Ford makes a 6. 7-liter diesel engine for its Super Duty pickups at that plant. 3 billion to build a new transmission plant within its plant in Guanajuato, Mexico, to build new transmissions and add 2,000 jobs there. "These new engines and transmissions will help deliver even better driving experiences and fuel economy gains for customers around the world," Joe Hinrichs, Ford's President of the Americas, said in a statement from Mexico. The Free Press reported earlier this week that Ford plans to build a 1. 5-liter turbocharged four-cylinder EcoBoost gasoline engine in Mexico. Ford declined to confirm any details about the types of engines or transmissions it plans to build. Source: www.freep.com