The Automotive Component Manufacturers Association of India (ACMA) is interested in investing in Mexico, despite the North American Free Trade Agreement (NAFTA) renegotiations
Manufacturers with the highest production growth rate were Volkswagen (180.5%), KIA (43.6%) and Fiat Chrysler (30.9%)
Exports to U.S. decreased 6.1%
Kia had a market penetration of 5.6 percent at the end of July in Mexico
The value of merchandise exports in May 2017 was USD$35.466 million, 12.9% higher than the registered in the same period last year
The value of merchandise exports in May 2017 was USD$35.466 million, 12.9% higher than the registered in the same period last year
English11/01/2017
Auto parts supplier to cancel new Mexican plant if Toyota gives in to Trump's threats
According to The WSJ, the president of Aisin Seiki said he would be forced to rethink investment plans in Mexico if Toyota were to cancel its new plant in the country.
Amid fears of protectionist Trump, EL UNIVERSAL analyzes key facts of Mexico's automotive industry, the seventh largest overall worldwide and fourth largest in exports.
Overall new car sales in Mexico are up 18.5% between January and November compared to the same period last year.