Ford Motor Co. plans to double vehicle production capacity in Mexico as the automaker focuses its U.S. assembly plants on more profitable pickups and utility vehicles, according to a report published Sunday.
By building a new assembly plant in San Luis Potosi and expanding a plant in Cuautitlan, Ford would add about 500,000 units of annual capacity, The Wall Street Journal said, citing unidentified sources. The San Luis Potosi plant, which would be able to build 350,000 vehicles a year, was confirmed last month by a Mexican government official who said it would be the country’s largest automotive project this year.
