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Microcap & Penny Stocks : BAAT - world records for electric vehicles with zinc-air -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (5509)	12/12/1998 7:50:00 PM
From: NoGuano	Read Replies (3) \| Respond to of 6464

FROM THIS WEEKS BUSINESS WEEK...MEXICO BECOMING AN INDUSTRIAL POWER.. "... MASS MIGRATION. But the auto industry stands out as Mexico's single most important manufacturing business. It has become integrated with the U.S. industry as parts and vehicles shuttle back and forth across the border. More than 500,000 Mexicans now make parts and assemble vehicles for eight of the world's biggest auto makers, including Detroit's Big Three. NAFTA's rules of origin, requiring high North American-made content in cars, have forced European and Asian auto makers to bring their foreign parts suppliers to Mexico as well as buy from local companies. That has given a boost to cities such as Puebla, 125 kilometers east of Mexico City. There, 70 parts makers cluster around Volkswagen's sprawling plant, which produces 600 new Beetles and 900 other VW cars per day. One major supplier is Sommer Allibert Duroplast, a French-Mexican joint venture with $70 million in 1998 sales. It employs 950 workers producing plastic instrument panels, consoles, and doors for the Beetle. General Manager Faustino Franco Rech, a Spaniard, says his goal is to ''nationalize our suppliers to the maximum--the more we buy in Mexico, the better.'' Next door is Refa Mexicana, a metal-stamping plant started by Canada-based entrepreneur Klaus Reithofer four years ago with a $4 million investment. Today, he employs 1,300 people working three shifts and generating $57 million in annual sales to VW and others. ''We were only supposed to be 130 people, but VW has thrown so much stuff at us, and we took it,'' he says. ''It's miraculous.'' ... -LOOKS TO ME THAT JOE LaSTELLA IS A MAN WITH A VISION; WAY AHEAD OF HIS TIME. IMO, ITS JUST A MATTER OF TIME FOR BAAT SOAR. -NEXT!!! -N.G.