Mexico Automotive Industry 2021

S automobile industry has been almost completely remade after 20 years into NAFTA North American Free Trade. Mexico is struggling to close the year with signs of economic recovery Various factors including the pandemic are affecting that. So thank you so today we will talk about two important points and number one the outlook for the automotive industry in Mexico for Automatic captions. Major global automakers have their eyes on Mexico In the month of April they've announced the construction of new factories.

The Mexican automotive industry is on the rise since its receiving great investment flows from Japanese car companies. Mexico can now claim bragging rights as Latin America's automotive leader For the first half of this year Mexico surpassed. The automotive industry is going through deep changes as new technologies reshape diverse aspects of the sector Under these. Much of Mexico's manufacturing strength comes from its auto industry and with a strong dollar expected to lose some of its punch.

With a new North American free trade deal expected to take effect this year Mexico is hoping for a period of improved economic. Trump is threatening to impose levies on imports to the US Cars and auto parts made in Mexico also by German companies The Mexican car industry had record sales in 2016 and in February of this year pbla is thriving but nobody knows for how much Automatic captions. CNBC's Phil LeBeau reports on the U. - Mexico trade talks impacting auto imports from Mexico.