BMW's $1 Billion Plant Surfs Mexican Investment Wave

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Luxury car maker BMW revealed a $1 billion Mexican plant investment on Thursday, becoming the latest major automaker to take advantage of the country's growing industrial base and tariff-free access to the U.S. market. The automaker outlined plans to build a factory in the central Mexican city of San Luis Potosi, reducing the German company's dependence on higher-cost plants at home.

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