After the coronation of Lewis Hamilton as F1 champion in Mexico GP, Mexico’s automotive industry had a solid week. Aside from the new investments in Aguascalientes announced by German suppliers Continental and Allgaier Group, and the projected exit of Rassini from BMV, several OEMs confirmed positive news for the industry.
Rumors that Honda would shift the production of Fit back to Japan were allayed as the company confirmed that the company’s plant in Celaya will continue to assemble the subcompact. Similarly, as FCA Group’s CEO Mike Manley plans to reach the second position in pickup truck sales in the US market, the company is reconsidering its plans to stop producing RAM vehicles in Saltillo. Finally, Toyota announced it will restructure its production lines in North America to meet new rules of origin for the region.
In international news, global OEMs are allying to share the costs of developing and producing self-driving and electrified vehicles. Honda’s JV with GAC Group will invest in a new assembly plant in China to produce more units of these vehicles, Volkswagen and Ford are in preliminary talks to develop these technologies jointly, Damiler does not rule out an eventual collaboration with US EV-maker Tesla and Volvo Cars has allied with Baidu to develop robot taxis in China. In Mexico, FEMSA presented a new electric vehicle whose drivetrain was developed by Grupo Quimmco.
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The road is clear. Go ahead!
Mexico’s Automotive Drive
FCA reconsiders its plans to shift away the assembly of RAM trucks in Saltillo as the CEO aims to reach second position in pickup vehicle sales in the US.
Toyota will restructure its production lines in the face of new rules of origin, which entails relocating suppliers that were outside North America.
German automotive supplier Allgaier Group lands a US$20.6 million investment in Aguascalientes to produce structural components and outer sleeves.
Continental will invest US$59 million to develop a new plant in Aguascalientes that produces electronic automotive components.
Head investors of Mexican auto part manufacturer Rassini want to take the company out of BMV through the creation of an investment vehicle that captures floating shares.
New Technologies, New Alliances
Through Solistica and in association with Grupo Quimmco, FEMSA has developed the prototype of a new electric vehicle.
Joint-venture of Honda and GAC Group will invest US$430 million to build a new plant in China with the capacity of building 170,000 electrified vehicles.
Volkswagen AG and Ford are in preliminary negotiations to jointly develop self-driving and electric vehicles in an alliance that could save the companies billions of dollars.