Automotive Sector moving forward in Mexico: BMW

Mexico will maintain important variables, earning a spot as a strategic market for the automotive industry, regarding both manufacture and vehicle sales, even after the uncertainty and the volatile exchange rates after the recent U.S. Presidential election, weighed in Alexander Wehr, General Director of BMW Mexico. He expressed that the dollar exchange rate is going to be an important factor to drive the manufacturing competitiveness in Mexico, although, commercially, it will limit the acquisition power of national clients; even so, the prospect is to close the year with growth rates above the market’s average. Regarding the construction of its plant in San Luis Potosi, he said this will be useful to boost the Latin America sales of this German firm, which has gained importance in its global operations, not just for the U.S.