Ford to Build New Compacts At U.S. and Mexican Plants
Eager to expand its production capacity and exploit the favorable regulations under the North American Free Trade Agreement, the Ford Motor Company said today that it would build its new compact cars in Mexico, as well as the United States, and greatly increase its exports to Mexico. Ford's plans will touch off a series of production shifts in Mexican, Canadian and American factories, the company said, resulting in the creation of the equivalent of 550 jobs in the United States and Canada, and 300 jobs in Mexico. Ford projected that the total number of jobs, or "job equivalents," could climb to 6,000 when additional work at its suppliers' plants in the United States and Canada was taken into account, as well as overtime work.