A man walks past a nearly deserted construction site, as workers shut down operations and remove equipment on Wednesday, a day after Ford announced the cancellation of plans to build a $1.6 billion auto manufacturing plant on the site in Villa de Reyes, outside San Luis Potosi, Mexico. Ford Motor Company’s cancellation of plans to build a $1.6 billion US auto manufacturing plant in San Luis Potosi has sounded alarms throughout Mexico.
Category: San Luis Potosi, Mexico
Mexico’s peso weakens after Ford says cancelling Mexican plant
Mexico’s peso slipped on Tuesday after Ford said it will cancel a planned $1.6 billion factory in Mexico’s central state of San Luis Potosi.