Market Updates: Ford Motor (NYSE:F), Bank of America (NYSE:BAC), Goldman Sachs Group (NYSE:GS), Texas Instruments (NYSE:TXN), JPMorgan Chase (NYSE:JPM)

Mexico’s share of North American auto production may rise at a quicker pace as General Motors Co., Ford Motor (NYSE:F) and Chrysler Group LLC seek out workers making less than 10 percent of what their U.S. counterparts earn. The lower labor costs may help the U.S. companies build smaller cars profitably amid demand for fuel-efficient vehicles in the wake of last year’s recession. Mexico’s gains will come at the expense of workers in the U.S. and Canada. Mexico’s share of North American auto production will likely rise to 19 percent over the next decade from an average 12 percent in 2000 to 2009. Over the same period, the U.S. will lose 7 percentage points to 65 percent of the market and Canada’s share will hold at 16 percent, he said.…
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