Mexico To Claim Top Spot in Exports to U.S. By 2015


Mexico To Claim Top Spot in Exports to U.S. By 2015
 
CELAYA, MEXICO - Mexico is on track to replace Japan, the Asian automotive giant, as the second-largest exporter of cars to the United States by the end of the year.
 
An $800 million Honda plant opening Friday in the central state of Guanajuato will produce about 200,000 Fit hatchbacks a year, helping push total Mexican car exports to the U.S. to 1.7 million in 2014, roughly 200,000 more than Japan, consulting firm IHS Automotive says. And, with another big plant starting next week, Mexico is expected to surpass Canada for the top spot by the end of 2015.
 
"It's a safe bet," said Eduardo Solis, president of the Mexican Automotive Industry Association. "Mexico is now one of the major global players in car manufacturing."
 

 

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