GM closures hit 500 suppliers in Mexico and that is just a wake-up call
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Just because General Motors does not plan to idle assembly plants in Mexico, it doesn't mean the local industry will remain unaffected. According to estimates by specialists consulted by El Financiero, about 500 automotive suppliers that provide parts for GM from plants in Mexico will be impacted by the restructuring plan of the Detroit automaker.
Among the companies affected are Nemak, Metalsa, Delphi, Rassini and Faurecia just to name a few. GM acquires about US$ 15 billion in auto parts from suppliers operating in Mexico, says the report that cites Bloomberg and a head of the automotive components industry as sources.
GM's restructuring plan, which focuses its next investments on electric and autonomous vehicles, is a wake-up call for manufacturers to accelerate the evolution of the components they build, according to the text.
“They need to think about what kind of components are required, because this change will happen in the next 10 years. They have to rethink their parts, even those essentials as crystals and seats, because they are not the same as those used by a conventional car,” warned Mauricio Kuri, automotive specialist and professor at Tecnologico de Monterrey.