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.
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.