Assemblers like Mexico
Mexico City— Mexico has become so attractive for investments in automotive sector that it outdid Canada as production and export center in North America, according to Wards Auto Consultants Firm.
Wards Auto estimates that vehicles production in Canada will remain the same in the next 6 years, while production in Mexico will keep on growing due to decisions made by several assemblers to expand their production capacity here.
Canada has capacity to produce 3 million vehicles every year, but in 2012 such figure is expected to drop to 2.5 million units, because General Motors is consolidating operations from two plants in only one plant.
As a matter of fact, vehicles production in Mexico is expected to reach 3 million units in 2014 and continue growing in the following years.
Source: Reforma | Date: 01/08/2012