Auto-Parts Makers Invest in Mexico, China on Production Strength – Wall Street Journal
Three top auto-industry suppliers are investing a combined almost $500 million in two of the biggest vehicle production hubs—China and Mexico—in new signs of confidence that global demand for cars will continue to rise.
Milwaukee, Wis.-based Johnson Controls Inc. said Thursday it has formed a joint-venture with a Chinese parts maker to build its fourth automotive battery manufacturing plant in that country. The $200 million facility, slated to open in 2019, will employ about 650 people. The plant will produce both…