The Detroit News reports BMW AG and Hyundai Motor are considering building factories in Mexico, Latin America’s second-largest economy, according to Economy Minister Ildefonso Guajardo.
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 in an interview in New York.
That would mark Mexico’s first new car factory since April 2012, when Audi AG revealed plans for a $1.3 billion plant it started building this year to produce its Q5 sports-utility vehicle.
Source: The Detroit News
