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Keyword: globalcar

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  • Ford to Build Fiesta in Mexico

    05/30/2008 12:06:36 PM PDT · by BurbankKarl · 59 replies · 276+ views
    Wall Street Journal ^ | 5/30/08 | KEVIN KINGSBURY and MIKE BARRIS
    Ford Motor Co. announced it will build its new global car, the Fiesta, in Mexico for sale in North America as part of a $3 billion investment in the country. It will be Mexico's largest-ever auto investment, with President Felipe Calderon saying the only greater amounts of private investment were banking acquisitions. Some 4,500 Ford jobs are expected to be created and result in some 25,000 new direct and indirect jobs at suppliers. "The auto industry has become consolidated as one of the pillars of our economy," Mr. Calderon said. "It's one of the principal sources of exports, of foreign...