Automaker Invests $210M in Mexico Plant
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German-American auto maker DaimlerChrysler AG said Thursday it will invest $210 million to update an assembly plant in the northern Mexican state of Coahuila.
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PARIS, Sep 25 (IPS) - When French car company Renault SA and its Japanese  partner, Nissan Motor Co., announced their intention to build a  joint assembly plant in Tangier, Morocco at an estimated cost of  1 billion euros, it was a substantial enough investment to make  auto industry analysts take notice.
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HOUSTON -- Oil giant Exxon Mobil Corp. said yesterday it will spend some of its record profits on more than 20 new global projects in the next three years, investments expected to add 1 million oil-equivalent barrels a day to the company's volumes at peak production.
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After launching three new cars last year, Ford Motor Co.  will boost its sedan lineup this year with the Mexican-built, mid-size Fusion, which is expected to be on sale in the fall.
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Hyundai Motor Co. (005380.KS), South  Korea&#39;s top auto maker, said on Tuesday it plans to invest $270  million to build an engine plant at its U.S. car making unit in  Alabama to serve growing demand in the world&#39;s No.1 auto  market.
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US manufactuer 3M plans to invest at least 200 million dollars (270 million euros) in Poland over the next two years, tripling the current level, its local boss said Saturday.
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No. 1 automaker&#39;s plan may affect 20% of European work force as it aims to save $500Ma year. FRANKFURT  - General Motors, the world&#39;s largest automaker, is expected to unveil a plan this week to cut
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Nova Chemicals Corp., Canada&#39;s largest chemical maker, will join Petroleos Mexicanos, Mexico&#39;s state- owned oil company, and two other partners to study a plan to build a $2 billion petrochemical complex in Mexico.
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U.S. real estate investors are heading  south of the border, putting their money in an array of  projects and properties they believe will generate attractive  returns from Mexico's growing economy.
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Japanese automaker Toyota Motor Co. said Tuesday it will to invest an additional 17.8 million euros (&#36;22 million) at its French production plant, citing record sales in Europe.
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December 01, 2004 ã¡ Renault Group, a major French automaker, intends to invest 600 billion won ($572 million) in Korea over the next three years, Louis Schweitzer, the company&#39;s chairman, said in Seoul yesterday.
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Automaker will team with SoCal utility to announce on Monday plans for "plug-in" hybrid vehicle technology.
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Ford Motor Co  said on Tuesday it  plans to invest $500 million in India to double manufacturing  capacity by 2010 and make a small car and engines to compete  more effectively in the fast-growing market.
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Chryslerâs deal with the Chinese automaker, Chery, is the first attempt by a U.S. automaker to use China as a manufacturing base for world markets.
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Toyota Motor extended its political and manufacturing muscle in the United States with the announcement yesterday of a $1.3 billion assembly plant in Mississippi.
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Production at Mexicoâs giant Cantarell oil field will fall by 15 percent this year, JesÃºs Reyes HerÃ³les, left, the director general of PetrÃ³leos Mexicanos, Mexicoâs state-owned oil monopoly, said. Output dropped 13.1 percent last year. Mr. Reyes HerÃ³les, a former energy minister who took over at Pemex in December, said other projects would help make up for the shortfall at Cantarell, which last year accounted for about 55 percent of Pemexâs overall production of 3.26 million barrels a day. Mexico is a top supplier of imported oil to the United States. Mr. Reyes HerÃ³les said that the company needed additional investment of $8 billion to $10 billion a year to keep up production, develop new reserves, expand its refining capacity and modernize its storage and transport network. But Pemex is closed to private investment and cannot finance the investment itself. Last year, Pemex sales surpassed $100 billion but it paid $79 billion in taxes, which accounted for almost 40 percent of Mexicoâs federal budget.
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Infineon on Wednesday said it would invest $1bn in a new semiconductor plant in Malaysia as it stepped up production of chips used in automotive and industrial power applications.