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douglas9 Donating Member (762 posts) Send PM | Profile | Ignore Sat May-31-08 06:37 AM
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Ford to open new plant in Mexico
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Source: BBC News

US giant Ford is to invest $3bn (£1.5bn) in a new car plant in Mexico, the biggest investment in the country's manufacturing sector.

The move is a blow to American car workers who had hoped the factory would be built in the United States.

Ford has lost more than $15bn (£7.5bn) over the past two years and says the new facility is crucial to its future.

Mexican President Felipe Calderon hailed the announcement as a "turning point" for his country.

Read more: http://news.bbc.co.uk/1/hi/world/americas/7428952.stm
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