The North American automotive industry looked expectantly to Montreal as the sixth round of NAFTA talks took place. Representatives of auto part manufacturers state there is more space to raise regional content in auto parts than in finished cars and ask for R&D expenses to be included in Regional Value Content calculations. Though topics on regional content and a sunset clause remain unresolved, agreements were reached on matters such as corruption and there is optimism from negotiators about reaching an agreement.
Heavy-vehicle exports grew 40.5 percent in November 2017 compared to November 2016, according to ANPACT.
Leasing grows as an option in Mexico, even within the armored sector.
While Mexico’s manufacturing industry is the 12th most important in terms of production value and diversity, the country is not yet ready to take advantage of changes in production systems stemming from the fourth industrial revolution.
Auto part manufacturers in the US, Canada and Mexico ask for R&D expenses to be included in Regional Value Content (RVC) calculations.
BMW strengthens its position in Mexico: makes it its hub for Latin America and achieves 1.7 percent in sales growth.
Mexican exports grew at the fastest rate in the last six years during 2017 with an increase of 9.5 percent.
Jaguar-Land Rover to reduce production due weakening demand related with Brexit and tax hikes on diesel cars.
Rising steel and aluminum prices hurt Ford’s profits. The company uses more aluminum in its vehicles than other automakers.