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Mexico reshapes world production of auto industry

Tuesday, November 20, 2012

Mexico is taking center-stage in the production of cars, where lower costs and skilled workers are reordering the global auto market.

Six years ago, Mexico was the world's ninth largest exporter of cars.

Today the country is ranked fourth — behind Germany, Japan and South Korea — with exports expected to total more than 2.14 million vehicles this year.

One in 10 cars sold last year in the United States was made in Mexico. Next year, every new taxi in New York's fleet — made by Nissan — will carry the "Hecho en Mexico" label.

Source: Wall Street Journal