Glimmer of hope? Somebody need resources,
Mexican auto output rises 20%
Monday, January 12, 2009
MEXICO CITY — Mexico's auto industry association says vehicle production rose 4 per cent in 2008 as a rise in exports to Canada, Europe and other Latin American countries helped offset plummeting sales to the United States.
But association president Eduardo Solis predicts a much worse scenario in 2009 as the economic crisis takes hold around the globe. He says Mexico's production could fall 20 per cent.
Mexico produced 2,102,801 light vehicles in 2008, up 4 per cent from 2,022,241 in 2009. Exports rose 2.5 per cent, from 1,623,963 in 2007 to 1,665,133 in 2008.
While exports to the U.S. fell 2.4 per cent last year, Canada imported 26.9 per cent more Mexican vehicles and Europe 9.8 per cent more. Exports to other Latin American countries rose 19.6 per cent.
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