Despite the crisis generated by the COVID-19 pandemic, the shortage of components and microprocessors for vehicle production, Mexico continues to offer competitive advantages compared to other countries, in addition to being one of the main manufacturing hubs worldwide, said Francisco Bautista, Ernst & Young (EY) Latin America North Advanced Manufacturing and Mobility Lead Partner. During the press conference on the "Perspective of the Automotive Industry in Mexico", the specialist said that 27% of the GDP comes from advanced manufacturing, 90% of the manufacturing industry represents

The country's capital was the main consumer of hybrid and electric vehicles in Mexico at the end of 2021, since of the 47,079 units sold with these technologies in the January-December period last year, 23.5% were sold in the CDMX, according to figures published by the Mexican Association of the Automotive Industry (AMIA). Based on the Administrative Registry of the Automotive Industry of Light Vehicles (RAIAVL) published by the National Institute of Statistics and Geography (INEGI), it indicates that the cumulative sales of hybrid and electric vehicles at the end of 2021 grew 92.9% in the

According to INEGI figures, in 2021, Mexico produced a total of 2,979,276 light vehicles and according to forecasts from various firms and statistical sites such as IHS Markit and Statista, in 2022 production could increase to between 3.1 and 3.4 million units, depending on market movement and the development of the global semiconductor supply crisis, which is still expected to continue throughout this year and into 2023, albeit in a more controlled manner. Currently, there are more than 2.2 million automobiles in Mexico that are not being produced.This amount corresponds to the number of

February was a month of mixed results for the automotive industry, on the one hand, with an increase in domestic production, but also a continued drop in exports, Inegi reported on Friday. In the second month of the year, 240,479 vehicles were manufactured in the country, which represented an increase of only 0.66 percent with respect to the same period last year, thus reversing a seven-month trend of annual contractions. However, Mexican car shipments abroad totaled 201,868 units, which represented a 5.66% contraction, adding eight consecutive months of annual rate declines. In its monthly

A center for industrial innovation in design and digital manufacturing for the Bajío aerospace sector (CIIA) was inaugurated on Tuesday in Aguascalientes, Mexico, to boost aeronautics companies in that country. The project involves the Government of the State of Aguascalientes, private companies and the Instituto Tecnológico de Aguascalientes on behalf of the academic sector. The new center joins the five already existing in Mexico to attract investments from private companies that will enable the strategic development of the aerospace sector, which already has a solid presence in states such

The possibility of a new crisis in the automotive industry in Mexico, not only in Coahuila, was warned by Tereso Medina Ramírez, who pointed out that he does not want this to lead to the dismissal of workers, but that there could be technical stoppages as happened during the pandemic. The state leader of the CTM in Coahuila pointed out that the situation that could cause this new alarm in the production of automobiles and trucks is the military intervention of Russia in Ukraine, where there is one of the largest semiconductor or chip production plants, a problem that has not yet been solved

With an investment of more than US$17 million, the new Magneti Marelli plant started operations in Ramos Arizpe, Mexico. These structures, the fourth project installed by the company in the northern state of Coahuila, will generate 250 jobs. During the inauguration ceremony, Governor Miguel Ángel Riquelme pointed out that the new plant dedicated to the production of components for the automotive industry consolidates the attraction of investment and economic development opportunities in the state. Humberto Lopes, general manager of the plant, indicated that it is expected that within two years

Mexico reached a record share of the U.S. automotive import market in 2021, according to data from the Department of Commerce (DOC). Mexico's automotive exports to its northern neighbor totaled 128.622 billion dollars in 2021, an increase of 13.9% at an annual rate. The United States represents the largest automotive import market in the world and Mexico and Canada are among its main suppliers. Foreign purchases by the U.S. automotive industry from around the world totaled 348.347 billion dollars in 2021, an 11.8% year-over-year increase. With this, Mexico's market share was 36.9%, its all

In order to increase production of hot rolling, galvanizing and finishing , Ternium confirmed that it will invest 1 billion dollars to expand its Pesqueria Industrial Center in Nuevo Leon. Italian companies that produce metalworking and manufacturing machinery are a good option as suppliers for this type of company and its industrial sector. This was confirmed by Máximo Vedoya, CEO of the steel company, who stated that the company is in the final stage of launching a new expansion initiative to increase all its production capacities, which will include a second hot rolling mill, a third

The northern region ( Chihuahua, Coahuila, Durango, Nuevo Leon and Zacatecas) was the area with the second largest number of projects and the first in cumulative investment amount, with US$2,456.6 million (+65.59% vs. 2020), mainly concentrated in the state of Coahuila, which received the largest investment in 2021 with the announcement by General Motors to transform its Ramos Arizpe complex into a production site for electric cars and their components, which represents an investment of at least US$1 billion. Coahuila was also the second largest attractor of projects, with 20 new investments