Cars for exports led the Mexican market in 2011
Mexico City.- Automobiles and auto parts exports in 2011 reached a record 18% share of the market in Mexico in 2011, the highest figure ever reported by the Ministry of the Economy.
2011 was the year when sales abroad of automobiles, auto parts and other motor vehicles went back to dominate exports, reaching 18% of total exports, a new record.
Bruno Ferrari, Minister of the Economy, explained that the automotive sector is experiencing a boom thanks to the country’s structural conditions, such as geographical position, commercial advantages from agreements and tariffs cut-downs, as well as deregulation processes.
He further said that in addition to the investments already made this year, confirmation of announcements made of two to four large projects in the sector are expected within a few months.
Source: Reforma | Date: 24/04/2012