German steelmaker
ThyssenKrupp has announced that it continues to expand in North America, opening a new steering components plant for the North American automotive industry in Puebla, Mexico. Experts predict that car production in North America will rise by up to 12 percent by 2020. With 17 million vehicles produced in 2014, North America is already the world's second largest auto market.
The company plans to invest more than €500 million in its North American components business alone up to 2020. Altogether
ThyssenKrupp will invest over €800 million in North America up to 2020.