German car maker BMW, which is building its first plant in Mexico, is looking for clear signs from the new government of President Andres Manuel Lopez Obrador that would guarantee stability to invest in the country, a top executive said.
Wehr said that BMW was keeping a close watch on Mexico’s sovereign rating and domestic sales of cars.Ratings agency S&P last week put Mexico’s sovereign debt on a negative outlook and said there was a one-in-three chance of a sovereign downgrade in the coming year, although not yet to junk.
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