MEXICO CITY—Mexico is poised to overtake Brazil as the top Latin American automobile producer for the first time in more than a decade, as surging exports to the United States spur factory openings and record output.
AGUASCALIENTES, Mexico—Daimler and Renault-Nissan Alliance have agreed to jointly build a new assembly plant here. The two companies will equally divide the $1.36 billion cost of building the facility, which is expected to employ 5,700 workers and be able to produce 300,000 vehicles annually.
MONTREAL—BRP Inc., the former recreational products division of Bombardier Inc. that makes Ski-Doos and off-road vehicles, will invest $55 million to build a third assembly plant in Mexico.
CELAYA, Mexico—Honda has opened an $800 million assembly plant here— its seventh North American factory. The plant will eventually make 200,000 cars a year and employ 3,200 workers.
SALAMANCA, Mexico—Mazda is planning to invest $120 million to build an engine factory adjacent to its vehicle assembly plant here. The new facility will be able to produce 230,000 engines per year.