Honda to keep auto production in Mexico regardless of NAFTA
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Japanese automaker Honda will keep production at its two Mexican plants despite the renegotiation of the North American Free Trade Agreement (NAFTA) and the deceleration of car sales in the domestic market.
"Mexico has a very good geographic location and from here we export to the United States, but also to Canada, South America and Europe," said in recent days Hiroshi Shimizu, president and CEO of Honda of Mexico, in an interview to business oriented news outlet Expansion.
Since 1995, the company operates a plant in El Salto, Jalisco, to produce and export motorcycles and cars. A few years later, between 2011 and 2013, Honda invested US$ 1.27 billion to build cars, engines and transmissions at an industrial complex in Celaya, Guanajuato.
Nowadays, the automaker is the seventh largest vehicle manufacturer in the country, after Nissan, General Motors, Fiat-Chrysler, Volkswagen, Ford and KIA.
From January through September the company produced 158,738 vehicles between Honda Fit compact hatchbacks and HR-V compact SUVs, 90% of which were exported, mainly to the United States and Canada (75%).