U.S. automaker Ford opens $260 million campus in Mexico By Reuters

MEXICO CITY (Reuters) – U.S. automaker Ford Motor (NYSE:) Co opened its new international know-how and enterprise heart on the outskirts of Mexico’s capital on Monday after a $260 million funding.

The brand new campus will host enterprise operations, international transformation actions and the biggest engineering heart in Mexico, in response to a video shared by the corporate’s Twitter account.

The campus, situated within the municipality of Naucalpan, is ready to host 9,000 staff working in a hybrid method, splitting time between residence and the campus, Ford Motor stated in an announcement.

A number of international auto firms have expanded operations and introduced new investments in Mexico this 12 months.

In October, international automakers Volkswagen (ETR:) and Continental pledged main investments totaling practically $1 billion, whereas earlier this 12 months, Nissan (OTC:) introduced an funding of $700 million over the following three years.

The inflow of cash from the automotive trade may proceed in Mexico, after Jeep maker Stellantis reported to be trying to make investments billions to make electrical automobiles within the nation and Tesla (NASDAQ:) Chief Govt Officer Elon Musk is contemplating investing within the nation’s north, in response to sources consulted by Reuters.