AUDI Wants North American Plant - Probably in Mexico

According to Inside Line Magazine, Audi CEO Rupert Stadler wants to build cars in North America and hints he may now be looking at Mexico, rather than the U.S. In another interview with Automotive News, he was recorded saying, "It is totally clear that we need new production capacity in the U.S. The question only is when."

Mexico, due to its lower manufacturing costs, high-quality engineering and close proximity to the U.S. and Canada, is a top contender for many automobile manufacturers including Honda, Nissan, Toyota, Fiat and Volkswagen, among others, and has been greatly expanding over the past few years.

Mexico "Making Huge Investment in Greening the Country"

Via MexicoToday.org

Watch this video with Andrew Selee from the Mexico Institute, who gives us an idea about how Mexico and the U.S. have teamed up to make more cross-border investments in renewable energy.

Consumer Confidence Up in Mexico for June

Mexico's population grew increasingly confident in terms of spending this past June. It was released on Tuesday by the national statistics agency that Mexico's consumer confidence index rose to 91.9 in June (when adjusted for seasonal factors). Analysts polled by Reuters expected June data to reflect 90.7.

Although consumer confidence hasn't risen much since the recession, the good news is investors predict that interest rates will remain steady until April 2012.

Read more on the positive impact this could have on the Mexican economy.