NAFTA renegotiations continue and Mexico stands its ground on rules of origin as they can heavily impact the local automotive industry. As the year approaches its end, the industry experiences bittersweet results. On one hand, the country is expected to reach a record production of 3.8-million vehicles during 2017 and used-car imports from the US are on the low. On the other hand, truck sales, green cars and auto credit faced a difficult November. Hyundai and Peugeot expect a good future in Mexico in the short and medium term.
Internationally, the transition toward electric and autonomous vehicles has gathered steam during this week as Pepsico pre-orders 100 Tesla Semi trucks, Toyota plans to develop EV batteries, BMW plans to build a test track for self-driving vehicles and Continental launches a new device to support autonomous driving. Although Volkswagen and Nissan will have to recall vehicles, Toyota and Groupe PSA lead automakers in profits in the European market. The Czech automotive industry has also seen a strong week as it expects to reach a record production and the Czech brand Skoda Auto achieves its best monthly sales ever.
- President of the Queretaro Automotive Cluster warns companies about the implications of the US fiscal reform.
- Belgium could be Mexico’s door to European market.
- Hyundai sees opportunities in Mexico during 2018 due to introduction of Accent model and elections-related economic income.
- NAFTA 5.5 round will focus on rules of origin.
- Automotive dealerships in Mexico expect contraction of credit for car sales.
- Truck sales fall by 13.63 percent in November.
- Green cars sales reach fourth consecutive month of contraction.
- Import of used cars from the US reaches lowest point since 2005.
- Queretaro Automotive Cluster looks for silver ESCA certification.
- Ford will move Focus production from Mexico to Spain and China.
- Peugeot wants to double its market share in Mexico by 2021.
- Accent was the best-selling model of Hyundai in Mexico during November.
- Mexico asks to keep clause of rules of origin in NAFTA that provides flexibility to automakers launching prototypes.
- Bajio delivers boosted sales in heavy-vehicle segment
- Audi abandons plans of selling Ducati motorcycle brand.
- Pepsico makes biggest pre-order of Tesla Semi so far, reserving 100 trucks.
- Germany’s KBA automotive watchdog announces recall of Volkswagen Touareg over illicit emissions control devices.
- Large-scale electric car-sharing program takes off in Singapore.
- Toyota Motor Corp considers developing batteries for EVs with Panasonic.
- Volkswagen unit Skoda Auto achieves best monthly sales ever in November.
- Volkswagen Bank to close a good year despite diesel scandal.
- Continental creates device to support autonomous driving.
- PSA Group and Toyota achieve the strongest gains in Europe.
- Nissan recalls 320,000 vehicles in Japan due to defective power unit that could cause fire.
- Czech automotive industry to produce record-breaking 1.4 million vehicles in 2017.
- Ford reviews its product portfolio as consumers prefer SUVs with sedan efficiencies.
- Tesla’s purchase of SolarCity is the main reason for expected sales drop of home solar installations.
- BMW to build test track for autonomous vehicles in Czech Republic.
- Honda receives two 2018 Wards 10 Best Engines Awards for the Civic Type R engine and the Clarity Fuel Cell.
Don’t forget to follow Mexico Automotive Review on twitter to get the latest automotive news! This is our account in Spanish and this our account in English. Check out last week’s roundup here! Interested in motorcycle history? Check out the installments on Honda, Kawasaki and Yamaha of MAR’s Changing the Air for the Road series.