Practically Every Global Auto Manufacture is Represented in Mexico

The news of Kia moving to Mexico was so important to Mexico's economy that the president made the announcement himself. On the same day that General Motors Co. (NYSE:GM) said it would be calling home Cadillac SRX crossover production from Mexico in a deal worked out with the United Auto Workers union, South Korean automaker Kia Motors Corp. (KRX:000270) said it will spend more than $1 billion to construct its first auto manufacturing plant in Mexico, according to the Spanish-language El Financiero news agency.

President Enrique Peña Nieto delivered the news in Mexico City, highlighting . . .

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