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BMW might just invest around $1 billion in Mexican auto-part companies. This will be done to meet the supplies needed for the US plant’s increased production. Mexican Economy Minister Gerardo Ruiz Mateos himself confirmed this possibility and is actively working with BMW to discuss this project.
Purchasing supplies in Mexico will save BMW around $4.9 billion in 2012, instead of getting them from Germany. This is because of the reduced impact of foreign currency swings on earnings. BMW is increasing their parts purchasing from Asia and North America to attain these savings as their production capacity increases. BMW’s purchasing and logistics chief Herbert Diess confirmed last May 4 that they are willing to invest a lot to attain these savings in 2012.
For Mexico, this is good news. It will actually help them increase foreign investments to save their economy. Looks like the success of BMW will entail helping a number of countries’ economies as well.
This is an excellent strategic move. Our firm has been involved in developing Mexico manufacturers and distributors in Mexico along with forming corporate partnerships with Michigan automotive suppliers in the automotive OEM industry in Mexico for over 25 yrs. How do we get our profile in front of BMW?