The first two months of 2018 have brought mixed results to the Mexican and global automotive industries. Some automotive-strong regions have faced FDI deceleration while others continue securing investment projects. However, the inclusion of salaries in NAFTA negotiations could risk Mexico’s cost competitiveness. International trade has seen better weeks, as well. Exemptions to US tariffs on steel imports coming from Canada, Mexico, the EU and other regions could only be temporary.
Electric vehicles were a trending topic this week after Chinese businessmen and Mexican investors signed collaboration agreements to bring EV production to the country. The EV hype has also and the evolution of more affordable models has also boosted competition between steel and aluminum.
Yusen Logistics announces Customs Bounded Warehouse in the Bajio. It will enable customers to store cargo without having to pay taxes immediately.
Trade and Investment Challenges, Opportunities
Including salaries in the methodology to calculate regional content is a “perverse” proposal according to industry leaders.
Up to 11 automotive FDI projects have been registered in Nuevo Leon by the state’s Ministry of Economy and Labor.
Innovations in Urban Mobility
Electric Vehicles Changing the Automotive Game
Aluminum and steel compete over electric vehicle market as automakers move toward heavier-but-cheaper metals to collocate more inexpensive EVs in larger markets.
Accidents in California Hit Electric and Self-Driving Vehicles
Uber will not renew its permit to test autonomous vehicles in California following a fatal accident that involved a pedestrian and a driverless vehicle.