Ford Motor will invest $1.3 billion in its Hermosillo Stamping and Assembly Plant operations to build the new generation Fusion and Lincoln MKZ for North American customers.
The company said that the investment will help transform the stamping and assembly plant and also create 1,000 new direct jobs in the state of Sonora, Mexico.
“This investment allows us to produce the all-new Ford Fusion and the Lincoln MKZ line-ups, helping us to meet growing consumer demand,” Mark Fields, who is Ford’s president for the Americas, said at an event with Mexican President Felipe Calderon in Mexico City.
Ford’s latest investment caps 87years of manufacturing in Mexico and is in addition to $3 billion invested in Mexico during the past decade.
In addition to Fusion, which has been built in Hermosillo since 2005 and sold more than 1.1 million models, Ford started building Fiestas at its Cuautitlán plant in 2008.
Mexico has increasingly become an export production platform for foreign automakers, in part because of low wages and the country’s proximity to the U.S. market.