John Rosevear: Why Ford and Its Rival Automakers Are Investing Big in Mexico John Rosevear - The Motley Fool
go to original October 20, 2013

Ford's hot Fusion sedan is produced in a big factory in Hermosillo, Mexico - and that factory has recently been working around the clock to keep up with demand.

Investors have watched with great interest as Ford, General Motors, Volkswagen and other big names have poured billions into new factories in China. But there's another auto boom happening a lot closer to home, as all three of those giants - and several others - are pouring funds into new factories in Mexico as well.

Nearly 3 million new vehicles were built in Mexico last year, a number that could rise substantially in years to come. What's driving this auto boom? As Fool.com contributor John Rosevear explains in this video, Mexico's skilled, low-cost workforce - and the North American Free Trade Agreement - make Mexico a great base for automakers looking to expand in the huge U.S. market.

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