- Confirming earlier reports, BMW (BAMXY) will open a new $1B assembly plant in Mexico, which will produce 150k cars a year. The facility will employ an initial workforce of 1,500, and begin assembling vehicles in 2019.
- Many automakers are shifting manufacturing facilities to Mexico, to take advantage of the country's growing industrial base and tariff-free access to the U.S. market.
From other sites
Video at CNBC.com (May 6, 2015)
Video at CNBC.com (Apr 7, 2015)
Video at CNBC.com (Mar 18, 2015)
at CNBC.com (Mar 16, 2015)
Video at CNBC.com (Mar 11, 2015)
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