Automotive Sector Prepares for US$2.3 billion Investment

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Two auto giants, Ford and Chrysler are on the verge of announcing an investment totaling US$2.3 billion to expand and create assembly plants, according to sources from the sector.

Ford is to invest US$1.3 billion to expand its assembly plant in Hermosillo, Sonora, which will create around 1,000 direct jobs.
For its part, Chrysler will invest US$1 billion to build a new plant in Coahuila, where, in a joint venture with Fiat, it will assemble a Ducato van.

Another announcement is expected from Honda, who will begin construction of a plant in Celaya, Guanajuato, where it will spend US$800 million to begin production in 2014.

It should be mentioned that Nissan announced a US$ 2 billion investment for the state of Aguascalientes where it will build its third plant.