Hyundai and BMW Negotiating with Mexican Government on Factories

Mexico is becoming the new hot place to build auto factories due to its positions as the crossroads between South America and North America. HondaHondaJapan, 1948 > present102 models
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completed its new transmission factory yesterday and will begin building the next generation FitHonda Fit Gen.2Japan, 2008 > present6 versions
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in 2014. NissanNissanJapan, 1932 > present159 models
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and AudiAudiGermany, 1909 > present83 models
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are also building factories in Mexico. BMWBMWGermany, 1918 > present87 models
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and HyundaiHyundaiRepublic of Korea, 1967 > present79 models
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are the two latest automakers considering adding factories to Mexico, according to Mexican Economy Minister Ildefonso Guajardo.

Guajardo says that he has been in negotiations with both companies to open factories in Mexico that could break ground as soon as next year.

"With both of them, there have been conversations with us for future plants. I cannot talk for them, but I think that starting 2014 we'll have new announcements. At least for one,” said Guajardo.

Neither BMW nor Hyundai were willing to comment about the ongoing negotiations.

Last year, 2.88 million cars were build in Mexico, up 13% from the year before, and it is on pace for even higher production in 2013.

Honda Breaks Ground on Transmission Factory in Mexico

Source: Automotive News Europe