Expansion in Mexico Contributes to Growth within Mexico's Auto Industry

Mexico is the 7th largest automotive producer in the world with approximately 80 percent of vehicle assembly being produced for the export market. The company RECO, responsible for manufacturing bus bodywork, is planning a new expansion and upgrade of the RECO plant in Tultepe, Mexico. Take a look at Mexico Today for more information on the effect of this on Mexico's auto industry.

Mexican Auto Production Breaks Previous Record

During this year's January-September period, Mexico's total automotive output surpassed 1.9 million units - an amount that hit a record level. Comparing the first eight months of this year with the same period last year, Mexico raised its total auto production by 14.7 percent. This percentage translates into 1.905 million units. Take a look at newKerala for additional details on Mexico's most important manufacturing sector.

Mexico Moves up Rank in Auto Export and Production

From SunHerald is the news that the "Strong export and production growth domestically has helped Mexico move up to fourth position in BMI's Risk-Reward Ratings for the autos industry in the Americas this quarter, overtaking Argentina."

Picture credit: autonorth.ca