Ford announced that they are investing $446 million into their Sao Bernardo do Campo plant near Sao Paulo, Brazil towards the production of a new global vehicle.
Unfortunately Ford didn’t announce any more details in regards to the new model, but it will likely be something geared toward’s Brazil’s emerging middle class.
The Sao Benardo do Campo plant currently produces the Ka, Courier and F-250 models and has an annual capacity of of 160,000 cars and light vehicles in addition to 40,000 trucks.
Brazil has become an emerging market for many vehicle manufacturers. Nissan also announced previously that they’ll be building a $1.5 billion factory in Brazil to supply some of the brand new models
[Source: Automotive News]