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G.M. is investing $5 billion to upgrade its plants in Mexico. Toyota, Volkswagen, Honda and BMW are all adding jobs and new products at their Mexican facilities. And as with Ford, any manufacturing those companies keep in the United States will probably involve more expensive vehicles whose profit margins justify the higher labor costs of building them.
You canât go far in Mexico without seeing an Oxxo store, and youâll be seeing even more of them as time goes by. Mexicoâs largest convenience store chain and one of its most successful retailers, with 11,850 outlets in operation throughout the country and in Colombia, opens more than 1,000 new stores every year.