GLOBAL ECONOMY

Ford will open new auto plant in Mexico to try and rev up production in Latin America

FILE - In this Thursday, Nov. 8, 2012, file photo, an assemblyman makes final adjustments to a Ford Focus on the assembly line at the Ford Michigan Assembly Plant in Wayne, Mich. U.S. auto safety regulators are investigating complaints that doors won't latch properly on about 400,000 Ford Focus compact cars, according to information posted Wednesday, Jan. 20, 2016, by the National Highway Traffic Safety Administration. The probe covers cars from the 2012 and 2013 model years. (AP Photo/Carlos Osorio, File)

FILE - In this Thursday, Nov. 8, 2012, file photo, an assemblyman makes final adjustments to a Ford Focus on the assembly line at the Ford Michigan Assembly Plant in Wayne, Mich. U.S. auto safety regulators are investigating complaints that doors won't latch properly on about 400,000 Ford Focus compact cars, according to information posted Wednesday, Jan. 20, 2016, by the National Highway Traffic Safety Administration. The probe covers cars from the 2012 and 2013 model years. (AP Photo/Carlos Osorio, File)  ((AP Photo/Carlos Osorio, File))

In an attempt to rev up production in Mexico, Ford plans to open a new auto plant in the Latin American nation, according to published reports.

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

The Journal says the Dearborn, Michigan, carmaker 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.

The move reflects how Mexico has become an attractive place for global carmakers.

Reuters also reported earlier on the San Luis Potosi plant, citing Mexican officials.

More On This...

Neither Ford nor Mexico's government would comment on the reports.

The Associated Press contributed to this report.

Like us on Facebook
Follow us on Twitter & Instagram