Ford Motor Co. says it will invest $273 million to convert its plant in Irapuato, Mexico, to the production of primary drive units for the company’s Mustang Mach-E electric vehicles.
The plant in Irapuato previously produced transmissions for gasoline-powered vehicles. The switch to producing the primary drive units for the Mustang Mach-E includes manufacturing the electric motor and the transaxle of the vehicle’s propulsion system.
“This new stage allows us to create synergy between plants and...