Category Archives: Automotive

Mexico auto exports forecast to hit record in 2015

Bloomberg – Half a dozen auto factories have sprung up or been announced for central Mexico’s industrial belt in the past five years, contributing to a nationwide $20 billion investment by global automakers eager to establish ready access to the U.S. market.

Mexican vehicle exports are expected to rise to a record 2.9 million in 2015, with more than 70 percent of the cars and light trucks headed to the U.S.

Construction and auto manufacturing driving use of steel

Steel workerEl Economista – According to estimates by the National Chamber of Industry of Iron and Steel (Canacero), steel use in construction of public works will increase 5.2 percent and 7.1 percent in auto manufacturing in 2015.

Mexico sets auto production record in 2014, aims for more

WSJ – Enjoying a strong tug from the growing U.S. economy, Mexico’s automotive industry logged record production and exports last year and expects output to rise further in 2015, industry officials said Thursday.

The auto makers produced more than 3.2 million vehicles, a nearly 10 percent increase over 2013, and exported 82 percent of them—overwhelmingly to U.S. consumers—said Eduardo Solis, executive president of the Mexican Automotive Industry Association.