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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.
The next year, 1962, the first Volkswagen assembly plant was established in Xalostoc, State of Mexico, under the name PROMEXA (Promotora Mexicana de AutomÃ³viles - Mexican Automobile Promotor). Opening in June, the plant turned out 10 assembled units per day. In January 1964, Volkswagen de MÃ©xico, S.A. de C.V. was established. Production from the Xalostoc plant was unable to meet the growing demand, and in June 1965, a new plant opened in the suburbs of Puebla, Puebla on a 2-million-square-metre (22Ã106 sq ft) field. S329