The name of Mexico as a world reference in the automobile manufacturing is making Swedish Volvo consider opening a new plant in North America, although not yet decided whether it will be in U.S. or Mexican soil.
MEXICO CITY (Dow Jones)--Mexico's automobile production in February rose 24% compared with the year-ago month to a record 242,317 cars and light trucks, the Mexican Automobile Industry Association, or AMIA, said Tuesday.
How can it be that Mexico has higher GDP and industrial growth than Brazil, even as the South American giant is seen as the rising regional star? Some blame negative media coverage of violence in Mexico for obscuring the country’s economic progress.
The Brazilian government has asked Mexico to limit the value of its auto exports to Brazil to around $1.4 billion for the next three years as part of a set of demands aimed at renegotiating the two countries' automotive trade deal.