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Is Mexico the new Detroit?

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Recent investments in the country by Honda and Audi have led some to dub it the “new Detroit.”

Mexico is the new Detroit. That was the claim made by Spain’s El País in an article this week in light of two large investments announced by foreign automakers this week in the country. In early May, both Japanese automaker Honda and German automaker Audi announced investments totaling nearly $2 billion in the country’s automobile manufacturing industry. 

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