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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.
New Mexico-Industry. The value of shipments by manufacturers in New Mexico exceeded $18 billion in 1997, with the highest growth rate of all states (114%) from 1992 to 1997.Major industries include electric equipment, petroleum and coal, food, printing and publishing, stone, glass, and clay products, and tourism.ew Mexico-Industry. The value of shipments by manufacturers in New Mexico exceeded $18 billion in 1997, with the highest growth rate of all states (114%) from 1992 to 1997.