Mexico to remain an automotive force after Trump, report says
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Mexico will remain a force in the automotive industry even as President Donald Trump looks to revamp NAFTA, PricewaterhouseCoopers said in a report about the industry revealed by Advancedmanufacturing.org.
“Mexico has leveraged its low wages, free trade agreements and proximity to US markets to attract millions of units of new capacity, as well as a growing supply chain to support it,” cites the PwC report.
The consulting company estimated Mexican light-vehicle capacity will expand 37% from 2016 to 2023, to 4.8 million units, according to Advancedmanufacturing.org.
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