If you are dreading the holidays because you do not have enough conversation topics to chit-chat with your relatives or if you simply missed last week’s news, Mexico Automotive Review is happy to present you with the headlines that made news.
To start the week on a positive note:
- Labor force costs in the US accounts for seven percent of the total cost of the vehicle, while in Mexico it only accounts for three percent. This means that OEMs save US$2.3 billion when they manufacture in Mexico.
- In just seven months of operation in our country, KIA has become the fastest OEM to assemble 100,000 vehicles.
- Despite Donald’s threats, Ford says that its plans to move light-vehicle production from Michigan to Mexico remain unaltered.
- Automotive financing registered record levels in the country.
- High SUV’s demand in the US are making Honda and Chrysler further the manufacture of the medium-size segment in Mexico.
The not-so-bright note:
- According to AMIA, in the first 11 months of 2016, the country exported 64.2 percent fewer cars to Asia than in 2015.
- AMDA expects the Trump effect to take a hit on Mexican car sales, which are expected to grow only 6.8 percent in 2017, an estimate that pales in comparison with 2016’s expected 17.93 percent growth.
- Mercedes-Benz is doing everything it can to become the world’s biggest luxury-car brand, surpassing BMW.
- Alphabet (Google’s parent-company) is launching Waymo, which is set to develop autonomous driving technology.
- The China-US (Trump) drama is developing, with Chinese authorities threatening to penalize GM and Ford overprice-fixing.
- Autonomous cars threaten the legacy of car brands.
- Daimler and BMW could merge their car-sharing services to effectively compete with Uber.