Automotive industry in mexico 2018MEXICO CITY—By attacking the North American Free Trade Agreement, promising a U.S.-Mexico border wall and embracing protectionist policies, President Trump has managed to dent Mexico’s auto industry more than the last year. Mexico’s automotive sector attracts businesses from about the planet, like Ford, Toyota, and Volkswagen, because they can lessen expenses without sacrificing quality. Plus, it’s easier for Asian and European automobile organizations to import their cars to the U.S. due to NAFTA and other trade agreements. Auto companies in Mexico make 40 brands and 500 models and want suppliers close by for machinery and equipment, components, components, and a lot more. The automotive market in Mexico is so big, it can be overwhelming if you’re just acquiring began. IVEMSA can aid you navigate supply chains, NAFTA, trade compliance, and labor laws.
In addition to the automotive market in the Bajio, the entire nation has become a preferred investment site for the manufacturing of auto parts. Main Tier 1 suppliers such as Lear, Delphi, Johnson Controls, Pirelli and Continental amongst many others have a sizeable presence in Mexico. Beyond effectively-known companies, Mexico also is host to two thousand little and medium-sized supplier firms that service the automotive sector in the Bajio, as properly as auto parts makers in other regions of the nation.
John D. Rockefeller is a founder of the Regular Oil Organization, became one of the world’s wealthiest guys and a major philanthropist. Born in upstate New York, he entered the then-fledgling oil enterprise … READ MORE >>>