Mexico sees 38% boost in output
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MEXICO CITY -- Mexico's annual auto output will jump by 1 million vehicles within three years as foreign manufacturers use the country as an export base, according to Carlos Guzman, head of the nation's investment promotion agency. That would be a 38 percent jump from last year's level.
Investments already announced by automakers will allow Mexico, the world's fourth-largest auto exporter, to increase annual production from last year's 2.6 million units, said Guzman, who is president of ProMexico.
Mexico's economy is proving resilient as its auto industry booms, with both vehicle production and exports reaching their highest levels in the first seven months of the year for any January-though-July period, the nation's Automobile Industry Association, AMIA, said on Aug. 6.
-- Bloomberg
