UPDATE 1-Ford to build Fiesta in Mexico

Newswire

(Recasts; adds quote, details and background) MEXICO CITY, May 30 (Reuters) - Ford Motor Co said on Friday it will build its new global car, the Fiesta, in Mexico as the struggling U.S. automaker tries to return to profitability. Chief Executive Alan Mulally said the company and its suppliers are sinking $3 billion into Ford's plants in Mexico, one of which will build the new subcompact car. "Ford is investing 2.4 billion (dollars) and 600 million (dollars will come) from our ...

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