Mexico November Auto Production +18% On Year To 207,560 Units
December 13 2010 - 12:00PM
Dow Jones News
Mexico's auto production continued its brisk growth in November,
rising 18% versus the same month a year ago to 207,560 cars and
light trucks, the Mexican Automobile Industry Association, or AMIA,
said Monday.
It was the best November ever for the Mexican auto industry,
fueled mostly by exports to the U.S., where Mexican-made vehicles
have just over 11% of market share, AMIA said in a press
release.
Total auto exports rose 25% compared with November 2009 to
168,227 units, AMIA said, while domestic sales rose 16% to 75,582
autos.
Production in the first 11 months of the year grew 54% versus
the same period last year to 2,089,160 autos.
AMIA said in a press release that economic weakness in key
export markets could threaten the industry's continued growth.
"High unemployment in the U.S. and imbalances in public finances
in some European Union members presents us with an uncertain
panorama for continued recovery in coming months in both regions,"
the AMIA said.
-By Laurence Iliff, 55-5980-5184,
laurence.iliff@dowjones.com
Nissan Motor (PK) (USOTC:NSANY)
Historical Stock Chart
From Sep 2024 to Oct 2024
Nissan Motor (PK) (USOTC:NSANY)
Historical Stock Chart
From Oct 2023 to Oct 2024