Ford plans $250M investment in Argentina to develop and produce new vehicle over next 2 years

Ford plans $250M investment in Argentina business

NEW YORK — Ford Motor Co. has announced a $250 million investment to develop and produce a new vehicle in Argentina over the next two years.

The automaker, based in Dearborn, Mich., said Wednesday that the investment will also fund upgrades and improvements at its plant in Argentina, which will manufacture the new vehicle for Ford’s Latin America markets.

Ford shares fell 19 cents to $12.39 in early trading Thursday.

(This version CORRECTS Ford headquarters to Dearborn, Mich.)