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Mexico is holding onto its position as a top-ten global automotive manufacturer and exporter despite a variety of challenges, including the new United States-Mexico-Canada Agreement (USMCA), the occurrence of severe weather events and a worsening domestic security situation.
Eduardo Solis, executive president of the Asociación Mexicana de la Industria Automotriz (AMIA), told delegates at the Automotive Logistics Mexico conference last week that the industry there had been “growing significantly” and now represented 20.2% of GDP, second only to the food industry at 20.7%. He said net revenue for the automotive industry in Mexico was set to surpass $77m.