Estimated investment for the Mexican auto-parts sector totals US$1.3 billion
The auto-parts industry estimates investment valued at US$1.3 billion will land in Mexico over the next two years, disclosed Oscar Albin, President of the National Industry of Auto-parts (INA). Funds come primarily from Japan, Germany, and in a lesser amount, the U.S. The companies coming from Japan, are providers seeking to work for Toyota Guanajuato; companies coming from Germany are looking to serve Mercedes Benz, in Aguascalientes and BMW, in San Luis Potosi. This industry has captured investment valued at US$2 billion over the last two years, hence Albin reasserted that upcoming investment projects are not at risk from a revision to the NAFTA.