The automotive industry was Mexico’s engine of growth in 2015

At the end of 2015, Mexico’s auto production will total 3.4 million vehicles, placing the country in seventh place worldwide.
At the end of 2015, Mexico’s auto production will total 3.4 million vehicles, placing the country in seventh place worldwide.

Vanguardia

Mexico’s automotive industry closed 2015 with numbers never before seen and pending announcements of investments with the advent of new brands such as Audi, BMW, Mercedes Benz and Infiniti, which manufactured from Mexico to the world.

At the end of this year, the automotive industry represents 3 percent of gross domestic product (GDP) and closes with a surplus trade balance by about $50 billion and domestic sales above 1.3 million vehicles and a production of around 3.4 million vehicles.

The advance of the industry led Mexico to move from eighth to seventh largest producer of light cars. Three of the five automakers in the “Top Five” are located in Mexico.

With the advent of new investments announced since last year in Mexico, the country has positioned itself as an important nation in manufacturing, not only with light units, but from 2017 will compete in the manufacture of luxury vehicles.

The latest figures indicate in terms of capital, 10 percent of foreign direct investment Mexico has received comes from this sector, accumulating $23.489 billion from 2006 to 2014.

The president of the Mexican Association of Automotive Industry (AMIA), Eduardo Solis Sanchez, stressed that Mexico has many attractions to offer, so that companies continue to consider it as an investment destination.

http://www.vanguardia.com.mx/articulo/industria-automotriz-el-motor-del-2015

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