So here comes Nissan investing a couple of billion for a new plant, the second in Aguascalientes. Maybe the Japanese know something and don't believe that Mexico is a lost cause. I would say their track record is pretty good in the auto industry and they sure sell a lot of cars here.
And then there are the comments following the full story.
In a sign that global manufacturers are looking beyond Mexico's security woes, Nissan said Wednesday that it will invest $2 billion in a new auto plant in Aguascalientes, a central city that has seen problems with crime groups.
President Felipe Calderon, standing beside Nissan chief executive Carlos Ghosn at a World Economic Forum meeting in Switzerland, said the plant would solidify Mexico's position as the world's ninth-largest automaker and sixth-largest auto exporter.
"This is one of the biggest investments we've ever received from an automaker," Calderon said, "and of course it confirms Nissan's lead in Mexico.
The Yokohama, Japan-based automaker already has two plants in Mexico — one in Cuernavaca in Morelos state near the capital, and a second in Aguascalientes — and holds a quarter of the market as the nation's best-selling auto brand.
Calderon said Mexican auto plants produced 2.5 million units in 2011, exporting around 2.1 million of them, the second consecutive year of record production and exports.