Ford said today it will invest $1.6 billion to build a new plant in San Luis Potosí, Mexico, that will be manufacturing small cars by 2018, making it the latest automaker to expand its presence there.
Ford said construction of the new plant will begin this summer. It expects to begin producing cars there in 2018. Ford's investment in Mexico will create more than 2,800 jobs by 2020, delivering a blow to the UAW, which pushed for higher wages in its contract talks with the automaker last year, and prompted a swift reaction from the union
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