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Automotive companies looking to Mexico

LIMA — The American automobile attention is staring down a challenging competitor, yet one some internal officials consider it can outmanoeuvre by holding advantage of existent opportunities.

Mexico is a aspirant and Lima Mayor David Berger pronounced a United States needs to know a long-term implications of a country’s involvement.

“The U.S. marketplace … is a biggest in a world, a many essential and we consider a opportunities to sojourn so are genuine and we need to be in a position to assistance support that,” Berger said. “We have been we think, as a community, formulating strategies, relations and we consider resources that are strengthening a business and industry.”

Berger and other internal officials discussed new automotive companies’ investments in Mexico on Tuesday during a Lima Auto Task Force meeting. Sean McAlinden, arch economist with a Center for Automotive Research, common some thoughts and statistics on a attention around phone conference.

“Compared to a past we’re starting to see a Mexican supervision be distant some-more assertive in attracting automotive investments,” McAlinden said.

Mexico is luring automotive companies to start public and tools plants in a nation with a guarantee of reduce wages, infrequently giveaway land and other incentives, McAlinden said.

“The frightful partial is that a Mexican diversity could be so vast and so strong as to opposition a top Midwest,” he said.

Ford Motor Co. announced a $2.5 billion investment for dual new engine and delivery plants in Mexico on Apr 17, according to a recover from a company. The proclamation will bluster 4 Ford plants in a U.S. and Canada, yet not a one in Lima, McAlinden said.

Mike Felix, plant manager during a Lima Ford plant, pronounced a enlargement in Mexico “is not unequivocally impacting” a internal plant.

“Right here in Lima we’re perplexing to concentration on doing a business that we have here today,” he said. “The concentration unequivocally in a plant is being as cost effective as we can, [and] building a best peculiarity engines that we can for a business bottom we have.”

Reach Danae King during 567-242-0511 or on Twitter @DanaeKing.

Article source: http://www.limaohio.com/news/business-news/153163148/Automotive-companies-looking-to-Mexico

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