Ford Confirms Intent to Strengthen Its Manufacturing Presence in Mexico
Ford Motor Company today confirmed intent to invest in and strengthen its manufacturing presence in Mexico as part of the company’s North American Way Forward plan.
The plan includes upgrades of Ford of Mexico’s two existing assembly plants, as well as its engine plant.
The investment announced today does not include Ford’s plan to build a new low-cost manufacturing facility in North America. The intention to build such a facility was announced in January as part of the company’s Way Forward plan.Honda Considering Another Manufacturing Plant In India
Japanese auto major Honda has planned big investments for the Indian market where they are soon going to launch a new Honda Civic model in the coming months. Honda Civic is scheduled for launch on July 4. The company is also planning to set up a Greenfield car-making facility in another state to enhance its production capabilities for further growth. Honda is rumored to be studying various locations in the South and West India region for a new plant.
Tennessee On Toyota's 'Short List' According To Governor
NASHVILLE, Tenn. (AP) - Tennessee is on a ''relatively short list'' of sites in different U.S. states where Toyota Motor Corp. is looking to build an eighth North American vehicle assembly plant, Gov. Phil Bredesen said in a recent newspaper interview.