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BMW to invest 1B in new Mexico plant

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BMW to invest 1B in new Mexico plant Empty BMW to invest 1B in new Mexico plant

Post by CanuckBob Thu Jul 03, 2014 3:30 pm

http://money.ca.msn.com/investing/news/business-news/germanys-bmw-to-invest-dollar1-billion-in-mexico-plant
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Post by juanrey Thu Jul 03, 2014 7:53 pm

As world-wide labor rates continue to increase, Mexico will become more and more attractive due to the improved education of the Mexican work force and close proximity to the US market. Just-in-time inventory works better from Mexico than Asia, especially if the $ / hour is reasonable.

Good news for Mexico's future.
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Post by brigitte Thu Jul 03, 2014 10:36 pm

I just read they were building an Audi plant in Mexico as well all good news for jobs as long as people get a better education and are willing to leave the areas where there is little work.

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