$6,600,000,000 … more or less
7 June 2008
That’s the estimated amount of foreign investments in Mexico over the last two weeks:
General Motors, which is closing plants in the U.S. is investing 1.4 billion in expansion to their Ramos Azarpe, Coahuila operations, which produces transmissions for Saturn Vue and similar “small” SUVs.
Ford Motor Company, meanwhile, is re-tooling it’s F-10 truck production plant in Cuautitlan to turn out Festivas. As part of the 3 billion dollar project, Ford has formed a partnership with Getrag JV for a transmission plant in Guanajuato.
And German solar cell manufacturer, Q Cell, is pumping 3.5 billion dollars into a new plant in Mexicali.
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mexfiles.net 
The Mexican economy is looking strong and has some big trends working in its favor. If Calderon can keep the peso stable and inflation in check, Mexico is looking at a few years of solid economic growth. This is even more impressive when you consider that remittances are down and many Mexican construction workers in the US are coming back home because of the housing bust. Can you believe the last peso devaluation was 1994? Thank God Mexico has finally left the 1980’s behind.
Now if we could only have some peace to add to the prosperity!
PS Thank NAFTA for that thin film solar plant. Duty free access to the US market is a big reason that European manufacturers locate in Mexico.
Rush Limbaugh is celebrating that Mexico’s economy is growing and jobs are being stolen from black liberal union workers in Detroit! Hooray free trade!