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G.M. is investing $5 billion to upgrade its plants in Mexico. Toyota, Volkswagen, Honda and BMW are all adding jobs and new products at their Mexican facilities. And as with Ford, any manufacturing those companies keep in the United States will probably involve more expensive vehicles whose profit margins justify the higher labor costs of building them.
The auto maker will expand its plant in Chihuahua and build a transmission plant in Guanajuato. Updated April 17, 2015 9:24 p.m. Ford Motor Co. said Friday it will spend $2.5 billion to expand its manufacturing operations at two sites in Mexico, the latest in a wave of auto investments flowing to the U.S.âs neighbor to the south.