Auto industry boom fuels Mexico plant expansions and jobs
Ford will spend 2.5 billion to build and expand engines and transmissions in Chihuahua and Guanajuato, creating 3,800 jobs, joining Toyota’s 1 billion plan for a central Mexico factory. BMW Mercedes Nissan Audi also announce multi billion projects as the sector grows on low wages and free trade, with overall investments near 5.5 billion this year.
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Ford Motor Co
Chihuahua
Guanajuato
Ford
Toyota Motor Corp
Mexico
U.S
Center For Automotive Research
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BMW
San Luis Potosi
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Puebla
Joe Hinrichs
Americas
Jay Baron
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Jim Lentz
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Roundup Greek debt crisis rattles stock markets
New York stocks closed broadly lower as Greece faced possible default and euro exit while Chinese regulators moved to curb a runaway market. U S. Dow fell 279 points to 17826, S P 500 dipped 23 to 2081, Nasdaq down 76 to 4931 as European shares tumbled and Bloomberg terminals suffered a brief global outage.
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Mattel readies Fashionista line with diverse looks
Mattel outlined a planned Fashionista makeover with new skin tones eye colors and nose shapes to better reflect multicultural girls and mothers. The company also reported better than expected first quarter results though brand sales remain down overall due to a strong dollar.
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Mattel
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BMO Capital Markets
Gerrick Johnson
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