- 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 (Wed, 11:30AM)
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)
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