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BMW and Hyundai in talks for Mexico plants

Friday, September 27, 2013

Mexico’s record auto production may get another boost from BMW and Hyundai, which are considering building factories in the country, Minister for Economy Ildefonso Guajardo said.

The government has held talks with both companies and at least one of them may announce plans for a new plant next year, Guajardo said.

A BMW or Hyundai factory would further bolster Mexico’s auto industry, which set production and export records in 2012 and has continued to expand this year even as the nation’s economic growth has slowed.

Source: Bloomberg