Mexico is becoming ever more attractive for automakers looking to cut costs, but challenges remain.
Tagged: Mexico, Toyota
2007 will be remembered as a historic year for the global automotive industry. For the first time the U.S. was displaced by Japan as the number one vehicle producer in the world, while a Japanese brand, Toyota, overtook GM as the world’s largest carmaker. For the first time in a decade, U.S. car sales will slip below the 16 million mark in 2007, a drop of 1.3 percent over the previous year. The U.S. continues to be the largest market for vehicle sales, but one that is shrinking, and with a recession looming vehicles sales are not expected to recover in the short term. “*
*From: www.latinbusinesschronicle.com
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Filed Under: 1. Hispanic News, Business, Business News
