BMW the world’s largest maker of high-end automobiles,said it would invest $2.4 billion in the Mexican economy by 2012. The Munich-based,mega-luxury car manufacturer has plans to also increase its purchase of Mexican auto parts from the $615 million it spent in 2009.
A spokesman for BMW said that in the near future the company has a goal of significantly increasing their spending south of the border making Mexico’s share of BMW’s auto production roughly twenty percent.
BMW is not the only car company getting in on the act. Chrysler said in February that it is investing an additional $550 million,and Ford Motor Company is opening an assembly plant that represents a $3 billion dollar investment and the creation of 2,000 jobs.
There are already over 18,000 major American companies investing and operating in Mexico and that number seems to be growing daily with no end in sight.