Ford to invest up to 9.2 bln dollars in Mexico

[wizdum]

Ford to invest up to $9.2 bln in Mexico: report
Wed Jun 14, 2006 12:31pm ET

Mark Fields, the executive vice president in charge of the North American restructuring effort, said in January the company was looking to build a new low-cost assembly plant in North America.

The document also indicated that Ford expects to increase its purchases of Mexican-made components by 300 percent, while suppliers could increase their investment by $3.6 billion.

Ford, which is hoping to attract incentives from the Mexican government, also said it was prepared to shift some professional engineering and purchasing jobs to Ford of Mexico as part of the expansion plan, according to the document.

Artilce continues at Link

[Deja Q]

1. A real American company, Ford...

:eyes:

[sam sarrha]

2. i smell a boycot... better start boycotting now, not after the fact

[larrysh]

3. But

Won't this investment by Ford provide jobs for Mexicans that will prevent them coming here illegally? Seems lioke a win-win situation for all of us...>Mexicans and Americans alike!

[sam sarrha]

4. no, NAFTA created the mass migration after stealing 28,000,000 jobs