BANGKOK, Dec 8 (Reuters) – Ford Motor Co (F.N) is investing $900 million to upgrade factories in Thailand that build its Ranger pickup truck and Everest SUV, its largest-ever investment in the country.
The plan includes a near doubling of the number of robots at its Thai manufacturing plant and at AutoAlliance Thailand, a venture with Mazda Motor Corp (7261.T), while $400 million of the investment will go towards its supply chain network.
It will also add a second shift to the Ford plant which will result in as many as 1,250 new jobs, bringing its workforce in Thailand to more than 9,000.
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The move contrasts with the closures of three of its plants in Brazil this year, part of a $11 billion global restructuring and its strategy to achieve 8% global operating margins. It is also pulling out of production in India where it has…
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