Ford announced it is adding a new U.S. manufacturing facility in Mexico to expand the assembly plant in Indianapolis and to create a new automotive assembly plant that could be fully operational in 2020.
The announcement came as Ford announced plans to invest $7 billion in new plants in the U.K. and Germany.
The company has also said it is considering opening another plant in the United States.
Ford announced the new plant in Tecate, Mexico, on Wednesday, where it will employ around 2,000 workers.
The plant will be located about 50 miles (80 kilometers) south of the city of Tecate and a short distance from the U-Haul border crossing in Nuevo Laredo, a city on the Mexican side of the border.
Ford CEO Mark Fields said that the company was investing more than $30 billion in the global auto industry to increase U. S. production, expand its U.
Haul service operations and create millions of U.,K.
Ford has also announced that it will invest $1.3 billion in its U-Korea operations, which are in South Korea and Japan.
Ford said it will create at least 15,000 new U-Laredo jobs by the end of the year, and that the U,K.-based company expects to invest another $1 billion in South Korean production this year.
Fields said Ford’s plans will create jobs and improve quality of life for residents and businesses in the Mexican state.