Nissan by Krynowek Eine. CC BY-NC-ND 2.0

The ongoing sales downturn is starting to impact jobs in the automotive industry. After Nissan Mexicana, the country’s sales champion, recorded a decrement in sales of 14.4 percent in 2018 compared to the previous year, the company made production adjustments including laying off 1,000 employees at its Aguascalientes and Morelos assembly plants. The downturn has also impacted the heavy-vehicle sector, where sales fell by 1 percent in 2018 compared to 2018. Meanwhile, BAIC is looking for more local suppliers for its future plant in Mexico and Rassini is on its way to leaving the Mexican Stock Exchange.

In international news, cooperation is the name of the game in developing self-driving, electric vehicles. Ford and Volkswagen have allied to develop commercial vehicles and explore other collaboration schemes to advance EV technology. Electrification is taking the industry by storm. GM plans to turn Cadillac into a premium EV brand that can compete with Tesla and Daimler will invest US$570 million to produce self-driving trucks.

The Nissan scandal is still a-go. Two months after his arrest in Japan, Carlos Ghosn, former President of Nissan, may be ousted from Renault for alleged financial misconduct after receiving US$8 million from a Nissan-Mitsubishi joint venture in the Netherlands. The French government has requested Renault to appoint a successor to Ghosn.

Rev your engine. This is the week in automotive!

Mexico’s Automotive Industry

Heavy-vehicle sales have reached their lowest level in three years. Only 39,652 buses and trucks were sold in Mexico in 2018.

Another 13 countries including South Korea, Indonesia, the UK and Colombia want to join the CPTPP.

Jorge Vallejo has been appointed the new President of Mitsubishi Motors México.

BAIC looks for more Mexican suppliers for its assembly plant in Mexico. The company aims to have up to 30 percent of national content.

NEW DELHI/INDIA, 10NOV09 – Carlos Ghosn in a Press Conference announcing a New Motor Vehicle Venture. Participants captured during the World Economic Forum’s India Economic Summit 2009 held in New Delhi, 8-10 November 2009.
Copyright (cc-by-sa) © World Economic Forum (www.weforum.org/Photo Eric Miller emiller@iafrica.com)

Shareholders of Rassini have agreed to take the company out of the Mexican Stock Exchange.

Nissan Mexicana reduces manufacturing staff in Mexico. The company plans to lay off 1,000 workers at its Aguascalientes and Morelos plants.

The Ghosn Affair

Carlos Ghosn received US$8 million from a joint venture of Nissan and Mitsubishi.

Nissan CEO expects Renault to back its decision to oust Carlos Ghosn after reviewing investigation details.

The French government has asked Renault to appoint a new President to replace Carlos Ghosn.

Toward the Vehicle of the Future

Volkswagen and Ford ally to manufacture commercial vehicles starting 2022. They will also explore the possibility of collaborating in the development of electric vehicles.

Daimler by barretyman. CC BY-NC-ND 2.0

General Motors will market low-cost vehicles in emerging countries and turn Cadillac into a premium EV brand that can competes with Tesla.

Daimler Trucks will invest US$570 million to manufacture self-driving vehicles.

Don’t forget to follow us on twitter at @mexautomotive and @mexautomotriz for the latest industry news.

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