Ford announces investments in Argentina

Ford Motor Company’s president and chief executive officer Alan Mulally has announced during a meeting in Buenos Aires with Argentina’s President Cristina Fernandez de Kirchner that the company will be investing 250 million dollars in its operations in the South American country.

Until 2012 Ford will be investing in Argentina in the production of an all-new vehicle and in the upgrade of the Ford Pacheco Plant, which will be responsible for the production of this new vehicle for Ford's Latin America markets.

"One of the key elements of our ONE Ford Plan is the development of new global vehicles, offering customers around the world best-in-class safety, quality, fuel efficiency, smart design and value," Mulally said. "Today's investment announcement about bringing a new global vehicle to our operations here speaks about Ford Argentina's important role in this plan."

With its investments in Brazil and Argentina Ford is showing its great confidence on the opportunities and growth potential of the Mercosur Region. The growth of Ford in the South American market is included in the ONE Ford Plan and Ford Argentina is set to play a key role in supplying key products for the Latin American markets.

"Our plan is to deliver even more new products and technologies people really want and value in markets around the world – including Argentina," Mulally said. "Ford is celebrating its 97th year in Argentina this year, and we're committed to continue delivering great products for customers here and supporting the communities where we operate."