123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Business >> View Article

Mexico Auto Industry Income Exceeds Foreign Reserves Generated From Oil Exports And Remittances From

By Author: AlanRussell
Total Articles: 53

It is expected that by the end of 2015, the Mexico auto industry exports purchased by consumers in the United States will exceed those manufactured and shipped to America from Japan. In other words, Mexico is poised to become the number one supplier of imported automobiles to the U.S. market. Activity in the industry is changing some of the dynamics of the Mexican economy.

Im recent years Mexico auto industry growth has proceeded at an accelerated pace. Most of the activity in the sector that has occurred in recent years has transpired in the country’s South Central region, mainly the states of Guanajuato, Queretaro and Aguascalientes.

Upon the signing of the NAFTA in 1994, Mexico was the source of only six percent of light vehicles produced in North America. Today that number stands at nineteen percent. The growth in the industry from 2007 to the present has been particularly robust, rising by thirty nine percent, while reaching a production level of approximately three million units. Due to this increased investment, job creation and export activity, revenue generated by foreign sales of Mexican manufactured automobiles, principally in the U.S., has made the industry the country’s largest source of foreign reserves. The Mexico auto industry has supplanted oil and remittances from migrants as the country’s main source of revenue.

Since 2008, employent in the country’s automotive industry has risen by 100,000 employees. Today, the approximate number of individuals employed in foreign-owned light vehicle manufacturing facilities has risen to 580,000 individuals.

On the negative side, there are some critics of the wage structure prevalent in the Mexico auto industry, where line workers may typically make sixteen dollars a day. In response to those that focus only on this issue, Eduardo Solis, president of the Mexican Automotive Industry Association, points out that to do so is to take a “shortsighted” view of the importance of the industry to the development of the country, and the Mexican peoples’ productive capacities.

Because of the growth of the automotive industry in Mexico, the country’s educational system is developing a large cadre of young engineers and technicians that form the basis of a significant portion of the country’s expanding middle class. Mexico is also making steps towards becoming a source of automotive industry design talent, as well.


K. Alan Russell, President and C.E.O. of the Tecma Group of Companies. Manufacturing in Mexico, Mexico Industries, Mexico Manufacturing cost Reduction

Total Views: 44Word Count: 405See All articles From Author

Business Articles

1. Which Steps Are To Be Followed To Ensure Efficient Wastewater Recycling System
Author: Steve Cherng

2. Valhalla Mining Offers: What We Offer And Who We Are
Author: romyfernandis12

3. Should I Invest In Bitcoin In 2017? Here’s What You Need To Know
Author: romyfernandis12

4. Our Cryptocurrency Exchange And Bitcoin Mining Services Are The Best
Author: romyfernandis12

5. How Does Cryptocurrency Ming And Bitcoin Mining Work?
Author: romyfernandis12

6. Valhalla Mining - Service Overview, Technology, For Sellers, For Buyers The Benefits Of Cryptocurren
Author: romyfernandis12

7. Can You Make Profit With Bitcoin And Cryptocurrency Mining? Is Bitcoin Mining And Cryptocurrency Min
Author: romyfernandis12

8. A Beginners Guide To Cryptocurrency Mining: What Should You Know?
Author: romyfernandis12

9. Popular Established Sites That Appreciate Bitcoins And Cryptocurrency Mining.
Author: romyfernandis12

10. Disadvantages Of Cryptocurrency Mining
Author: romyfernandis12

11. 4 Reasons Why Merchandising Plays An Important Role In Retail Sales
Author: Lily Alvin

12. Have You Ever Read About Digital Currency Mining?
Author: romyfernandis12

13. Buying And Investing In Cryptocurrency
Author: romyfernandis12

14. Elucidation Of Bitcoin Cloud Mining
Author: romyfernandis12

15. Get Better Returns Than Stock Market And Real Estate Through Bitcoin Mining
Author: romyfernandis12

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: