August 8, 2014
08/08/14 The Wall Street Journal
Bolstered by a recovering North American market, the output of Mexico’s booming automotive industry is cementing a slight lead over Brazil, its stumbling regional rival.
Mexico’s export-driven production of cars and light trucks jumped 7.5% in the first seven months of 2014 to nearly 1.86 million vehicles, compared to the same period a year earlier, according to data released by Mexico´s automotive-producers chamber.
July 23, 2014
South Korean automaker Kia Motors Corp is in talks with Mexico to open a new, $1.5 billion auto plant, officials of the northern state of Nuevo Leon said on Tuesday.
Rolando Zubiran, secretary of economic development in Nuevo Leon, said negotiations on the plant were under way and involved Nuevo Leon, the Mexican federal government and Kia, an affiliate of Hyundai Motor Co.
July 2, 2014
07/01/14, The Wall Street Journal
BMW is preparing to join an auto-industry production boom in Mexico, where it will disclose this week plans to spend $1 billion to build its first assembly plant in the country.
January 9, 2014
The Wall Street Journal, 08/01/2014
Mexico posted a fourth consecutive year of record auto production and exports in 2013 as global auto makers continued to invest in new plants and capacity due to the revival of the U.S. market, an industry group said Wednesday.
Production of cars and light trucks rose 1.7% from 2012 to 2.93 million units, the Mexican Auto Industry Association, or AMIA said. Exports rose 2.9% to 2.42 million autos, of which about 70% were sent to the U.S.
November 13, 2013
Nissan Motor Co Ltd will build 1 million cars in Mexico by 2016, cementing the country’s position as the export hub for the Japanese automaker in the Americas, Chief Executive Carlos Ghosn told Reuters as he inaugurated a $2 billion plant.
Most of the cars from the new plant in Aguascalientes in central Mexico will be sent by rail to destinations throughout North and South America. A staff of 3,000 in the light, airy plant filled with rows of shiny yellow robots will produce one car every 38 seconds, in partnership with Nissan’s other Aguascalientes plant.
November 7, 2013
The Financial Times, 11/06/2013
Mexico is slowing – so says the central bank on Wednesday, cutting growth forecast to 0.9 – 1.4 per cent, down from its previous estimate of 2-3 per cent – Banxico’s second consecutive quarterly cut.
But Mexican car production and exports are revving up, hitting record levels in October. Not bad for an economy where manufacturing confidence is still in the doldrums.
October 21, 2013
The Mexican auto industry is about to go on a $10 billion factory building spree, illustrating the nation’s rising economic challenge to rivals from the United States to China.
Japanese and German auto manufacturers are spearheading the drive, say parts suppliers and researchers who see more auto factories built south of the border than in the United States between now and the end of the decade.
The United States will consume the vast majority of the new cars, but Mexico’s domestic market has rebounded from a long slump, and in a sign of Mexico’s growing global role, auto exports outside of North America will rise faster than those to the United States.