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Ford plans new plant in Mexico’s San Luis Potosi, report says

January 15, 2016

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MEXICO CITY (Reuters) — Ford Motor Co. is planning to announce a new auto plant in the Mexican state of San Luis Potosi during the first quarter, two government officials familiar with company plans told Reuters today.

The plant should produce around 350,000 cars annually, according to the two officials, and the investment should be worth slightly over $1.5 billion, one of them said, speaking on condition of anonymity.

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