Can Mexico capitalize on US automakers’ pivot to electric vehicles?
Mexico could become even bigger player in global automotive manufacturing industry 7 minutes read As U.S. automakers pivot into the electric, autonomous vehicle era, cross-border operators say Mexico is more than ready to seize the moment. (Photo: GM Mexico)
The multibillion-dollar North American automotive sector, which includes one of the largest components of U.S.-Mexico trade, could dramatically change as many automakers make a substantial shift to manufacturing electric vehicles.
On April 30, General Motors (NYSE: GM) became the first U.S. automaker to announce it would build electric vehicles in Mexico. GM said it would invest $1 billion in its factory in Ramos Arizpe to produce electric cars.
Transmission: Auto suppliers will head south for better weather
0 223 4 minutes read (Photo: Ford)
Suppliers are following OEMs to Mexico
VW unveils its new EV strategy
Industry news
Suppliers are following OEMs to Mexico
There are a couple of trends shaking up the automotive industry in the years ahead. Electric vehicles are the obvious example that comes to mind. Other examples include the rise of digitization in new vehicle models and the need for an omnichannel car-buying experience. One trend often gets left out: the growing reliance on Mexico and cross-border trade. As OEMs relocate manufacturing down in the south, suppliers are starting to follow in their footsteps.
U.S. firm announced idling of three plants this week Asian chipmakers boost output but no quick fix Government officials push for swift resolution to issue (Adds Ford, trade group comments, updates stock activity)
DETROIT, Feb 9 (Reuters) - General Motors Co said on Tuesday it was extending production cuts at three North American plants until at least mid-March due to the global semiconductor chip shortage, while vehicles at two other factories would only be partially built.
GM’s U.S. rival Ford Motor Co also said Tuesday that it was in limited cases parking partly assembled vehicles due to the chip shortage.