Afternoon Coffee: Auto Suppliers Invest in Production Plants in Mexico & China

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Three major auto-industry suppliers, Johnson Controls Inc., Nucor Corp. and Robert Bosch GmbH, are investing a combined $500 million in ventures in China and Mexico to build or expand production plants. Mike Mansuetti, president of Bosch’s North American operations, told The Wall Street Journal the company continues to see growth in the Asia-Pacific region and is looking to build and sell locally, one reason for investing in places like Mexico.

Mitsubishi Motors is hiring a third-party auditor to monitor its technology division, including major research and development and engineering processes. The decision comes after the Japanese automaker was blamed for at least three fuel-economy and emission cheating scandals.

Samsung SDI may soon be a new supplier of batteries for Tesla Motors’ energy systems used in homes and businesses. Earlier reports had suggested Samsung would supply batteries for Tesla’s electric cars, but Tesla CEO Elon Musk denied those claims.

Amazon’s e-commerce grocery delivery service, AmazonFresh, is expanding to London. The service has been available in the U.S. since 2007, but at a higher cost to customers. Amazon Prime members will pay a monthly fee of about $10 or $122 a year in London, while U.S. customers pay $299 a year.

 

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