Category Archives: Automotive

Brazil wants to renew Mexico auto quotas

Reuters – Grappling with tumbling auto sales and weak economic growth, Brazil wants to renew an auto quota pact with Mexico that is set to expire in March, a move that could stoke trade tensions.

Auto trade between the two was then supposed to be fully liberalized, but Brazilian officials are now looking to extend the pact to avoid unlimited competition from Mexico.

http://www.reuters.com/article/2015/02/13/us-mexico-brazil-autos-exclusive-idUSKBN0LG2XW20150213

Mexico sets automobile production record in January

Mexico is the world’s seventh-largest manufacturer of automobiles and the No. 4 exporter.
Mexico is the world’s seventh-largest manufacturer of automobiles and the No. 4 exporter.

EFE

A record 266,424 automobiles were produced in Mexico in January, up 6.8 percent from the same month in 2014, the Mexican Automotive Industry Association, or AMIA, said.

The growth in automobile output “was bolstered by the plants that started operations last year” in Mexico, the AMIA said in a statement.

A total of 103,697 light vehicles were sold last month, a figure that was up 21.3 percent from January 2014.

The automotive industry in January experienced “the best level in history for exports of light vehicles in one month, exporting 204,907 vehicles, with 15.2 percent growth,” the AMIA said.

Exports to Asia and Canada grew strongly, rising 35.8 percent, compared to the 2014 figures for both regions.

Sales to Europe and the United States grew 15.3 percent and 13.7 percent, respectively, while exports to Latin America and Africa fell 25.5 percent and 13.5 percent, respectively.

http://latino.foxnews.com/latino/news/2015/02/10/mexico-sets-automobile-production-record-in-january/

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.

http://www.autonews.com/article/20150206/OEM01/302069972/mexico-auto-exports-forecast-to-hit-record-in-2015

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.

http://translate.googleusercontent.com/translate_c?depth=1&hl=en&prev=search&rurl=translate.google.com&sl=es&u=http://eleconomista.com.mx/industrias/2015/01/23/construccion-ensamble-autos-impulsan-acero&usg=ALkJrhi5ypKSqGIRQb4J5_uDjwNK2dpOFw

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.

http://www.wsj.com/articles/mexico-sets-auto-production-record-aims-for-more-1420749573