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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.
What is PEMEX, and Where is it Going? Allan Wall-PVNN Hopefully, this year will see some kind of substantive reform that can reform PEMEX, for the good of Mexico and its economic development. PEMEX (Petr leos Mexicanos) is Mexico's state oil monopoly.PEMEX is protected from competition in Mexico, where it enjoys a legal monopoly on the exploration, processing and sale of petroleum. Its privileged status in national mythology affords it a certain immunity from criticism.hat is PEMEX, and Where is it Going? Allan Wall-PVNN Hopefully, this year will see some kind of substantive reform that can reform PEMEX, for the good of Mexico and its economic development. PEMEX (Petr leos Mexicanos) is Mexico's state oil monopoly.