Executives from Audi and BMW will maintain their investment in this country, despite the threat of new taxes imposed on vehicles imported from Mexico.
Scott Keogh, President of Audi North America, said that the Puebla plant is global and it could not be closed, as the Company supplies its operations in a North and South America, Europe and Africa from there. Likewise, BMW maintains its plans for investment in Mexico.
Additionally, the company has a portfolio of 64 providers across Mexico that serve the South Carolina facilities.
BMW has tripled the value of its components purchases in Mexico over the last five years, shifting from $600 million to $2 billion.
You might also be interested in:
The Netherlands and the agricultural sector have always been closely connected. Some 24% of the world’s trade in horticultural products is in Dutch hands, while 50% of global trade in floricultural products are controlled by Dutch companies. The Netherlands is the world’s number one in greenhouse horticulture, the number one producer of onions, and the number one exporter (in value) of fresh vegetables.
Consumer behaviour and expectations have suddenly leap-frogged and the business must evolve; everyone is playing catch-up. To stay relevant, now is the time to revisit key assumptions of the past.