MEXICO CITY - The German brand BMW will invest $1 billion dollars to build a plant in San Luis Potosi, where it will assemble up to 150,000 units annually of its 3.28 model, announced Harald Krüger, member of the board of directors of BMW Group for production and manufacturing. The new complex will generate 1,500 direct jobs once it starts operations in 2019, Krüger added during the official announcement made at the Official Residence of Los Pinos. BMW revealed last year its interest in assembling both the 1 Series and 3 Series in Mexico, as long as the right market conditions were generated

MEXICO CITY (August 7, 2013) - Above China and India, Mexico is placed as the number one country in attracting Foreign Direct Investment (FDI) in the aerospace industry, which contributes 10% of manufacturing GDP. "It is not the automotive industry, it is the aerospace industry, we attract 1,300 million dollars (mdd) approximately every year. There were $15,000 million dollars and more $6,000 million dollars, there are $21,000 million dollars for the aerospace industry in Mexico", said the Director of the Mexican Federation of the Aerospace Industry (Femia), Carlos Bello after highlighting

In his inaugural speech at the Plastimagen Mexico 2013 industrial fair, held in Mexico City last March, the president of Anipac, engineer José Anselmo del Cueto, highlighted the role of plastics in the automotive industry. According to the executive, in this niche, the progressive replacement of traditional materials with plastic implies great fuel savings, greater comfort, lower cost and greater efficiency in passenger safety systems. This is a high value-added market, where the longevity of plastics is also highly appreciated. Mexico's current boom in the automotive industry offers juicy

He assured that although "not all Mexican plastic companies will be able to immediately access the automotive supply market, the benefit will be gradual". Last year alone the demand for auto parts of this material increased, so the market reported a growth level of about 10% compared to 2011, coupled with the fact that Mexican manufacturing plants offer better quality products worldwide with prices 20% cheaper than those manufactured in the United States. Therefore, the business organization expects the plastics sector to grow at rates above 6% in 2013, "which is equivalent to almost double

MEXICO CITY, June 21 - Recent investments announced by companies in the automotive industry such as Honda, Mazda and Audi have been joined by others in the heavy vehicle sector seeking to increase production in Mexico, as is the case of Daimler Trucks, the truck division of the German corporation that owns brands such as Frightliner and Mercedes Benz. Before the end of this year, Daimler Trucks de México plans to announce the construction of a new heavy truck transmission production plant in Mexico mexico. The investment would be around 300 million dollars, revealed Gerhard Gross, president