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April 22, 2015

Why auto plants, jobs are going to Mexico

  • In the past two years, eight automakers have opened or announced new plants or expansions in Mexico, thanks to low labor costs and fewer tariffs.
    • By TOM KRISHER and CHRISTOPHER SHERMAN
    Associated Press

    DETROIT — Mexico has become the most attractive place in North America to build new automobile factories, a shift that has siphoned jobs from the U.S. and Canada, yet helped keep car and truck prices in check for consumers.

    In the past two years, eight automakers have opened or announced new plants or expansions in Mexico. Just last week, Toyota announced a new plant in Guanajuato to build the popular Corolla, work now done in Canada, while Ford unveiled plans for Mexican engine and transmission factories.


     
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