Ford will build its new Fiesta subcompact car in Mexico
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Ford Motor Co., in a struggle to regain profitability, will build its new Fiesta subcompact at a factory near Mexico City for sale in the U.S., writes the Christian Science Monitor.
‘President Felipe Calderón called the $3-billion deal a ‘turning point.’ ‘While the U.S. automaking industry sags -– undergoing massive restructuring and downsizing –- Mexico’s production has expanded, especially for small, low-cost vehicles. Last year, Mexico produced a record number -– over 2 million -– and analysts forecast that by the year 2015 production could at least double.’
-- Deborah Bonello in Mexico City