Mercedes works with BMW for Mexico suppliers

Daimler is working with rival BMW to build a network of suppliers for new factories in Mexico, Klaus Zehender, divisional board member for procurement and supplier quality at Daimler's Mercedes-Benz said.

The move is part of a broader push by Mercedes-Benz to deepen its network of local suppliers at factories in China, South Africa, United States and Mexico.

Earlier this year, BMW and Daimler each revealed plans to invest $1 billion to build a plant in Mexico, to take advantage of the country's growing industrial base and tariff-free access to the U.S. market.

Source: Reuters