Bancomext pushing the automotive industry

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BANCOMEXT, the Mexican National Bank of Foreign Commerce, recorded a balance of US$ 539 million financing the automotive sector in 2016, thus becoming an important currency generator in Mexico. This wealth must be used to secure constant actualization of our products and programs, as we may list electricity-powered vehicles, automated driving and connectivity within the vehicle, among the main technological changes with a major impact in this sector. According to a press release issued by Banco de Desarrollo, the automotive industry in Mexico is one of the Federal Government's strategic targets because of its important participation in the overall production, wealth generation, employment and investment in the country.