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US automaker Ford Motor Co. opened its new global technology and business center on the outskirts of the Mexican capital on Monday after a $260 million investment.
According to a video shared on the company’s Twitter account, the new campus will host business operations, global transformation activities and the largest engineering center in Mexico.
The campus in the municipality of Naucalpan is designed to accommodate 9,000 employees who work hybridly, splitting time between home and campus, Ford Motor said in a statement.
Several foreign car companies have expanded operations and announced new investments in Mexico this year.
In October, foreign automakers Volkswagen and Continental pledged major investments totaling nearly $1 billion, while earlier this year Nissan announced a $700 million investment over the next three years.
The influx of money from the auto industry could continue in Mexico after Jeep maker Stellantis said it plans to invest billions to produce electric vehicles in the country and Tesla CEO Elon Musk is considering investing in the north of the country, according to sources. by Reuters.
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Legislation in Congress has stalled for more than five years on how to change regulations to include self-driving cars, including the scope of consumer and legal protections.
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