Mexico, good destination for investment: Mazda
Mexico City.- Mexico has become a natural investment destination for the automotive industry, where Japanese companies strive to control the market which has traditionally been in the hands of the 3 Big from Detroit.
“We already are the fifth vehicles exporter and the eighth producer in the world, but with new investments announced, Mexico tends to become a universal leader in this industry” Leopoldo Orellana, President, Mazda Mexico, said.
Interviewed during the International Contest of Elegance in Huixquilucan, Orellana said that more investment announcements will be made, that will add to those made by Mazda about a US$500 million investment to build their first plant in Mexico, Nissan’s US$2 billion investment and Honda’s US$800 million, and the more recent announcements made by Ford for a US$1.3 billion investment and Audi’s plans to build a plant in Mexico.
“I do not think these are all the investments that will arrive to Mexico this year, I think there will be more, because Mexico is nowadays very attractive and there is nothing better for Mexico’s economy than becoming this, a leader in automotive production in the world”, he added.
Source: El Universal | Date: 25/04/2012