Ford to build new plant in Mexico: report

The Ford Motor Company is planning to build a new manufacturing auto plant in Mexico, with plans to rev up production there, according to news reports.

The Wall Street Journal is reporting that Ford plans to build a new assembly complex in San Luis Potosi and expand an existing facility near Mexico City.

According to the Journal, Dearborn, Mich.-based Ford will add 500,000 units of annual capacity there, beginning in 2018. That would be more than double last year’s production in that country.

The newspaper cites unnamed people briefed on the plan. Reuters news service has also reported on the San Luis Potosi plant, citing unnamed Mexican officials.