Category Archives: Automotive

Mexico’s light vehicle production tops 20%

WSJ – Mexico’s share of North American light-vehicle production topped 20% in the first two months of 2017, gaining regional share from the U.S. and Canada as the amount of popular pickups and SUVs made south of the border sharply increased. The development heightens the stakes as auto makers await potential changes in trade rules by the Trump administration.

https://www.wsj.com/articles/mexico-gains-share-of-north-american-light-vehicle-production-1490620336?mg=id-wsj

Mexico economy minister to meet with U.S. auto, auto parts execs on Nafta

Mexico's economy minister will meet with Ford and other auto executives in Detroit.
Mexico’s economy minister will meet with Ford and other auto executives in Detroit.

By Jude Webber / Financial Times

Ildefonso Guajardo, Mexico’s economy minister, will meet executives from Ford and General Motors in Detroit on Friday, today, as well as officials from two auto-parts companies with plants in Detroit and Mexico, as part of a visit designed to talk up the benefits of Nafta.

Guajardo, who was part of the team that negotiated the North American Free Trade Agreement that took effect in 1994, will also address the Detroit Economic Club on the subject of US-Mexican bilateral relations, relations between the state of Michigan and Mexico and the current situation and future of the free-trade pact.

A statement did not say whom the minister would meet or name the car-parts companies.

President Donald Trump has vowed to revamp Nafta, saying the current deal is not in the US’ interests.

U.S. Commerce secretary Wilbur Ross has suggested talks could focus on rules of origin and dispute resolution mechanisms. Trump has vowed to pull the US out of Nafta unless he can get a better deal.

https://www.ft.com/content/f0db6d96-95ef-34be-9d07-0d498a684fb8

Slim, Bimbo to build electric vehicle

Mexico News Daily – A made-in-Mexico electric vehicle designed by Giant Motors — part of Carlos Slim’s financial conglomerate Inbursa — could hit the roads in a year’s time. The electric vehicle will be manufactured through a collaboration with Moldex, a subsidiary of the world’s largest bakery, Bimbo, and the Monterrey Institute of Technology (ITESM).

http://mexiconewsdaily.com/news/slim-bimbo-bakery-to-build-electric-vehicle/

Damlier, Nissan reviewing plans at Mexico auto plant

Automotive News – Daimler and Nissan Motor are re-examining the scope of collaboration at their planned Mexican factory that’s set to make Mercedes-Benz and Infiniti cars. Daimer and Nissan are building a $1 billion plant together in Aguascalientes that’s scheduled to start rolling out Nissan Infiniti luxury models this year, and Mercedes compact vehicles starting in 2018.

http://www.autonews.com/article/20170202/OEM01/170209940/daimler-nissan-reviewing-collaboration-at-mexico-auto-plant

Heads of auto makers in Mexico are spinning

LAT – It was supposed to be a victory party. Carmakers from across the globe had planned to celebrate their head-spinning boom in Mexico at the Automotive Logistics conference held in Mexico City this week.  Then Donald Trump won the U.S. presidential election. In the span of weeks, Trump has issued threats and hints at trade policies that could jeopardize two decades of growth for Mexico’s auto manufacturing sector.

http://www.latimes.com/business/la-fi-mexico-car-trump-20170201-story.html

$212 million deal signed to make Chinese SUVs in Mexico

India Times – Mexico announced a 4.4 billion peso ($212 million) deal to assemble Chinese cars in Hidalgo on Wednesday. The deal between Mexico’s Giant Motors Latinoamerica and Chinese state-owned automaker JAC Motors envisions a plant in Ciudad Sahagun that will be producing two SUV models in the second half of this year.

http://timesofindia.indiatimes.com/business/international-business/mexico-signs-212-million-deal-to-assemble-chinese-suvs/articleshow/56927761.cms

The truth behind Trump, the auto industry and Mexico

Detroit Free Press – Automakers used to complain their economic and technological importance were under appreciated, but after having been singled out by President Trump over their foreign operations, car companies already praying for a return to anonymity. Given the attention President Trump’s stream of consciousness auto analysis receives, a reality check is in order.

http://www.usatoday.com/story/money/cars/2017/01/23/truth-behind-trump-auto-industry-and-mexico/96938592/

Study says automakers will continue to invest in Mexico

Automotive News – Forecasting firm LMC Automotive expects automakers will continue to invest in Mexico over the next four years despite tariff threats and social media shaming from President-elect Donald Trump. The study said production south of the border for Detroit’s three automakers will increase through 2020, while production in both Canada and the U.S. is expected to fall.

http://www.autonews.com/article/20170118/OEM01/170119761/automakers-will-continue-mexico-investments-despite-trump-threats

Mexico’s vital auto industry is under pressure

AS-COA – The booming auto sector makes Mexico the seventh-largest car producer in the world and the top one in Latin America. It’s also the world’s fourth-biggest vehicle exporter, as well as the sixth-largest largest auto parts producer, making $85 billion worth in 2015. All in all, the auto industry accounts for about 3.2 percent of the country’s GDP.

http://www.as-coa.org/articles/weekly-chart-mexicos-auto-industry