After a devastating week for Mexico, the country seeks to get back on its feet. Fortunately, the national automotive industry left mostly unscathed.
After the 7.1-magnitude earthquake that hit on Tuesday, September 19, automakers reported minor damage to their facilities in Central Mexico.
Banks implement support measures for financing clients affected by the earthquake, including flexible terms for automotive financing.
With the establishment of the Arkansas University in Queretaro, both states are looking to strengthen their commercial relationship.
The next round of NAFTA negotiations in Ottawa will tackle more challenging issues including rules of origin and labor standards.
While other OEMs bet on plug-in electric vehicles, Toyota still has hybrids as number one priority.