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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.
Mexico's Pemex opens first US gas station. Mexico City (AFP) - Mexico's state-run energy giant Pemex opened on Thursday its first gasoline station in the United States as it eyes a foothold in the neighboring country. The station, the first of five planned as part of a pilot program, was inaugurated in Houston, Texas, the company said in a statement.