America's Car Capital Will Soon Be ... Mexico

Seemingly overnight Mexico’s automotive output has soared, bolstered by a flood of investment from foreign-based carmakers, including Nissan, Honda, Volkswagen and Mazda. With $19 billion in new investment, production has doubled in the past five years to an estimated 3.2 million vehicles in 2014.

The reason is simple: Mexico has some of the most liberal free trade arrangements in the world, and it’s making the most of them.