CBC News – Mexico built 16% more cars in very first half of 2017, bucking slowdown in U
Mexico built 16% more cars in very first half of 2017, bucking slowdown in U.S. and Canada
Posted:Jul 25, two thousand seventeen 12:03 PM ET
A worker assembles a Jetta at a Volkswagen plant in Mexico. The country is producing more and more vehicles, fresh numbers demonstrate. Susana González/Bloomberg
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After six consecutive months of record output, Mexico now makes more than one out of every five cars built in North America, fresh numbers from automotive organization Ward’s shows.
Mexico built 1,926,930 cars in the very first half of 2017, almost sixteen per cent more than the country cranked out in the very first six months of last year. That compares with 1,208,911 Canadian-built vehicles over the same period, a figure which dipped by Two.Four per cent from last year’s level.
The boom means Mexico now makes more cars than the U.S. does, as America built 1,697,551 cars in the very first half of 2017. Compared to last year, that figure is down by seventeen per cent — about what Mexico’s output has expanded by.
Mexico may now be making more cars than America does, but when larger vehicles such as trucks, vans and SUVs are included, America still leads the region in vehicle production, with Five,812,310 through June — albeit that figure is down almost five per cent in the past year.
Profit margins on those vehicles tend to be higher, which is why North American automakers build them closer to home, while outsourcing smaller vehicles that aren’t selling as well as they used to.
Last month, Ford announced plans to produce all of its Concentrates at a fresh plant in China, the very first time the company will build cars in that country that are destined for sale in North America. Previously, the plan was to build the Concentrate in Mexico, before switching that plan after pressure from the White House.
And General Motors in January announced it would be cutting six hundred twenty five jobs at one of its Ontario facilities and moving production to Mexico instead.
U.S. President Donald Trump has vowed to energize American manufacturing in his presidency, and the subject of auto jobs is likely to come up in NAFTA discussions inbetween the three nations slated to begin later this summer.
While Trump has rallied support for the Made In America movement, the reality of the North American automotive supply chain makes that basically unlikely to achieve, since companies build and assemble hundreds of different components in various countries along the way toward building a single vehicle.
CBC News – Mexico built 16% more cars in very first half of 2017, bucking slowdown in U
Mexico built 16% more cars in very first half of 2017, bucking slowdown in U.S. and Canada
Posted:Jul 25, two thousand seventeen 12:03 PM ET
A worker assembles a Jetta at a Volkswagen plant in Mexico. The country is producing more and more vehicles, fresh numbers display. Susana González/Bloomberg
Related Stories
After six consecutive months of record output, Mexico now makes more than one out of every five cars built in North America, fresh numbers from automotive organization Ward’s shows.
Mexico built 1,926,930 cars in the very first half of 2017, almost sixteen per cent more than the country cranked out in the very first six months of last year. That compares with 1,208,911 Canadian-built vehicles over the same period, a figure which dipped by Two.Four per cent from last year’s level.
The boom means Mexico now makes more cars than the U.S. does, as America built 1,697,551 cars in the very first half of 2017. Compared to last year, that figure is down by seventeen per cent — about what Mexico’s output has expanded by.
Mexico may now be making more cars than America does, but when larger vehicles such as trucks, vans and SUVs are included, America still leads the region in vehicle production, with Five,812,310 through June — albeit that figure is down almost five per cent in the past year.
Profit margins on those vehicles tend to be higher, which is why North American automakers build them closer to home, while outsourcing smaller vehicles that aren’t selling as well as they used to.
Last month, Ford announced plans to produce all of its Concentrates at a fresh plant in China, the very first time the company will build cars in that country that are destined for sale in North America. Previously, the plan was to build the Concentrate in Mexico, before switching that plan after pressure from the White House.
And General Motors in January announced it would be cutting six hundred twenty five jobs at one of its Ontario facilities and moving production to Mexico instead.
U.S. President Donald Trump has vowed to energize American manufacturing in his presidency, and the subject of auto jobs is likely to come up in NAFTA discussions inbetween the three nations slated to commence later this summer.
While Trump has rallied support for the Made In America movement, the reality of the North American automotive supply chain makes that basically unlikely to achieve, since companies build and assemble hundreds of different components in various countries along the way toward building a single vehicle.