AMIA prospects 5.1 million vehicle production by 2020
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Fausto Cuevas Mesa, General Director of the Mexican Association of the Automotive Industry (AMIA), is certain that this sector will consolidate its activity towards 2020, when the light vehicle production peaks at 5.1 million units. He states that Mexico contributes with 3.7% of the global automotive production, which is the greatest cash inflow generator nationally, with a foreign commercial surplus that was calculated at US$63.6 billion by the end of 2015, earning Mexico a position as the seventh largest light automobile manufacturer globally and the first in Latin America. He also said that Mexico has increased its production participation by 12.7% within the NAFTA region over the last 22 years, and it could even escalate an additional 6.2% if 5.1 million vehicles are assembled by 2020.