Consistent Growth, Trade Diversification Ought to Increase Mexico Automotive Industry Association

Mexico automotive industryAdvantages of Nearshoring in Mexico, Key Highlights and 2016 Sector Overview. But in contrast to earlier years, there is now volatility in Mexico’s auto sector as evidenced by the Ford San Luis Potosi assembly plant sudden termination with the building’s steel structure half way completed and the more current repositioning of the RAM choose-up from Saltillo to Michigan by Fiat Chrysler. Who are the big players in Mexico’s booming auto sector? Nissan and GM, who with each other hold 45% of the market place.

9 This genuine “recall crisis” encompassing a lot more than ten million vehicles severely broken customer confidence in the firm, a single of Toyota’s greatest assets along with its alleged high quality and reliability standards. Consumer Reports revealed that in the previous two years, self-confidence ratings in Toyota had been down 46 points, even though Ford’s rose 35 points (, n.d.). Item recalls, consumer claims, and replacements brought on Toyota to finish 2010 as the only significant firm suffering a drop in sales even though the industry as a entire climbed 10 %.

Because then, even so, President Trump has reduced his rhetoric against Mexico’s automotive market, and seems to have abandoned the 35% tariff. Regardless of this, in August 2017, Toyota announced that it will delay the opening of a new plant in Mexico from 2019 to 2020. Ford decided to cancel part of its planned investments in the nation (such as a new USD 1.6 billion plant in San Luis Potos√≠), and … READ MORE >>>