Bosch is set to follow German OEMs like Daimler, BMW and Volkswagen and set up manufacturing facilities in Mexico. The investment, said to be worth as much as $544 million, will be good for 3,000 jobs, according to Reuters.
The investment will not only cover factory jobs, but also high value R&D jobs thanks to a new research center that will be built. Aside from lower labor costs, Mexican plants give European auto makers access to North American markets covered under NAFTA, as well as other Latin American countries.
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