Ford is taking their cars to Mexico. In their newest move, the automobile giant has revealed plans to build an assembly plant in the country and amp up the factory output due to the latest labor deal they signed.

According to a report from Wall Street Journal, insiders have revealed that Ford expects to increase annual Mexican capacity by 500,000 units by 2018. This is over double of their production in 2015, marking a significant change in focus for the company.

The new plant will be built in San Luis Potosí and Ford is also planning to expand an existing factory near Mexico City. Ford produced 433,000 automobiles in Mexico last year, but the creation of new space for the company in the country is expected to give them ample room to build several models in the site likely including a new hybrid vehicle in the vein of Toyota's Prius and the long-time favorite Focus compact car. With these new plants, the U.S. factories are free to focus on higher-profit trucks and sports vehicles.

The construction for the new facilities will begin later this year with project costs expected to go north of $1 billion.

A Ford representative did not comment on the leaked plans of the company. Meanwhile, María Antonieta Valdez, director of industrial promotion for San Luis Potosí, merely revealed, "We don't have any official information from the company."

It's a big move for Ford, but not an entirely unprecedented one as Mexico has reportedly attracted numerous automotive investments in recent years due to the country's low wages, improved logistics and an arsenal of free-trade deals. Global car manufacturers that have opened factories in Mexico -- or revealed plans for one -- include BMW AG, Volkswagen AG, Toyota Motor Corp., Honda Motor Co., and Kia Motors Co.

Ford continues to be the second most successful automaker in the U.S., just behind their rival General Motors. According to a report from The Motley Fool, the latter still posed a significant advantage in the latest numbers from January.

Still, the company remains positive as CEO Mark Fields revealed to CNBC that they still believe the consumer is "healthy".

"Standing back, when you look at the economy, when you look at the recent employment report last week and wage growth, and also at the same time low interest rates and low energy prices, we think that will continue to fuel good power in consumer spending," Fields told "Squawk Box" from the North American International Auto Show in Detroit.