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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.
For each of the states, we highlight the top three in terms of market cap. Some of the names will be familiarâCaliforniaâs top three, for instance, are Apple, Google, and Wells Fargo. But plenty, we think, may surprise you. The Biggest Public Companies in Every State. Take New Mexico. The largest company in that state is the $2.3 billion (market cap), Albuquerque-based PNM Resources, Inc., an energy holding company that provides electricity to homes in Northern New Mexico and Western Texas.