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Pablo Soria de Lachica Explains The Growth in Mexico’s Auto Parts Sector

As the automotive industry in Mexico marks more than 100 years of growth, it is now ranked as the world’s sixth biggest auto parts producer and is experiencing peak investment levels as in recent years major players like Toyota, BMW, Mazda, Audi and Honda have joined the ranks of General Motors, Ford, Chrysler, Volkswagen, Nissan, Fiat and others (a total of over 40 companies producing more than 400 models and associated parts lines) with major production centres established throughout the country. Forbes magazine estimates that production has more than doubled since 2010, with over $19 billion in investment flooding into the country in a period of five years. Automotive News reports that in the first quarter of 2017, the Mexican auto industry is breaking records with production up 17% and exports ahead by 14%. Financial markets and forex specialist Pablo…