Mexico's Auto Industry Faces Downturn

Mexicos automotive industry faces a significant downturn, with heavy-vehicle manufacturers experiencing a twenty-eight percent drop in production, twenty-two percent decrease in exports, and fifty-seven percent plunge in wholesale sales. This decline is attributed to uncertainty in trade policies, a twenty-five percent tariff on non-American content, and ongoing protests causing road blockades. Light vehicles also saw an eight-point-four percent decrease in production and three-point-four percent fall in exports. This challenging period highlights the interconnectedness of global trade and sensitivity of manufacturing to domestic and international pressures.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.