Covering the Industry's Economic, Legal & Financial Issues
MexicanAutomotive covers the Mexican automotive and auto parts industries, and is published monthly in English and Spanish. MexicanAutomotive reports on general Mexican automotive industry topics, as well as economic, financial and legal issues affecting the North American automotive industry. Published by Cacheaux, Cavazos & Newton (CCN), subscriptions to MexicanAutomotive are free. CCN is an international law firm with offices in Texas and Mexico. The firm provides legal services in many practice areas including Automotive law to clients doing business in the NAFTA region.
| U.S. Ambassador to Mexico is interested in the Mexican automotive industry |
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Anthony Wayne, the new U.S. Ambassador to Mexico, recently met with automobile and auto parts manufacturers in order to become familiar with the current state of the automotive industry in Mexico. In the past few years, General Motors, Ford and Chrysler have made significant investments in Mexico, which has impacted the growth of the industry. The figures indicate that from 2009 to 2010, automobile production in Mexico grew by 50% and exports by 52%. The automotive industry is the second highest exporting sector in the country. In 2010, almost 70% of those exports were destined for the United States. At the meeting, Ambassador Wayne noted that he was honored to be meeting with such important industry leaders. The automotive sector is of fundamental importance in the United States as well as Mexico. The ambassador indicated that he hoped to create a more competitive North America, and that he would continue to closely follow the work of automobile and auto part manufacturers.
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