Mexico benefited by automotive crisis
Mexico was consolidated as a high-quality, inexpensive-labor manufacturing center, which will absorb part of the production of vehicles which will not be assembled in the USA and Canada anymore, experts in the sector concurred.
Armando Bravo, Head of the Development Center for Automotive Industry in Mexico (Centro de Desarrollo de la Industria Automotriz en México – Cediam), said that the automotive crisis accelerated investment projects by Volkswagen (VW), Chrysler and Ford.
Next year, VW will start producing Polo in Puebla; Ford will assemble Fiesta in Cuautitlan and Chrysler will manufacture Fiat 500 in Toluca.
- The Tecma Group of Companies’ entities gain certification for Mexican VAT tax exemption
- Alfa will invest US$700 million in Altamira electric plant in 2015
- Eosol Energy will increase investments
- Mexico manufactures 85% of pieces for the aerospace sector
- Rassini grows capacity by 40% at their Puebla plant