Despite the coronavirus, Mexico will remain attractive for automotive investment

In entrance of coronavirus Regardless of the rise in prices introduced by the pandemic, Mexico anticipates new investments within the automotive sector.

Given the high quality of the workforce and the logistics price, It was anticipated that automotive funding in Mexico would improve between 4% and seven%, assuming that the norms offered by the T-MEC have been met, which might improve client costs between 1% and a couple of%. The steadiness must be paid by the automotive firm or the provider.

Nonetheless, the coronavirus modified the state of affairs and the price of manufacturing, due to this fact for the automotive business it’s extra prone to anticipate investments in enlarge manufacturing strains or change platforms that entice new funding.

Whereas in 2018 and 2019 the overseas direct funding to Mexico within the automotive part It stopped barely, there was an essential interval of assortment on this space from 2012 to 2017.

Picture: Particular

Within the final yr, Volkswagen It has invested 433 million {dollars} in its plant in Puebla, along with 233.5 million in a plant in Guanajuato.

Ford, for its half, it invested 420 million {dollars} to enhance the manufacturing line in Cuautitlán Izcalli.

Toyota, in flip, it is going to improve its funding in Guanajuato by 170 million {dollars}.

Likewise, Nissan will make investments $ 244 million to supply the brand new Sentra, along with the $ 278 million to supply the brand new Versa.

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