MEXICO AUTO SECTOR STRUGGLES TO GET PRODUCTION SURGING AS AMERICAN EXPORT MARKET RECOVERS POST-COVID
July 1st, 2021
THE MEXICAN automotive industry is struggling to cope with the resurgence of demand for new vehicles, as it deals with the global shortage of microchips along with the increase in steel costs – hitting manufacturers’ bottom line – a key problem for Mexico USA-oriented export model.
It has been a challenging year for Mexican automakers given the existing task of implementing requirements from the new US-Mexico-Canada Trade Agreement (USMCA), including minimum wage provisions.
This has complicated the management of auto parts and supplies shortages, partly ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.