Brazil

Mexicos automotive sector is witnessing a significant shift as four statesHidalgo, Michoacn, Sonora, and Tamaulipasincrease their involvement.
These regions are focusing on developing their supply chains to strengthen their position in the industry.Daniel Hernndez Camacho, president of the National Network of Automotive Industry Clusters (Redcam), revealed that Mexico had about 11 automotive-focused clusters until recently.Sonora has just signed an agreement to create its own cluster, aiming to boost its supply chain by integrating local companies.
Tamaulipas is making progress in establishing a cluster, particularly in the Matamoros and Reynosa regions.Hidalgo, in central Mexico, began clustering strategies a few years ago in the Ciudad Sahagn area.
The industrys growth in these states is linked to the presence of key companies.Hernndez Camacho noted that supply chain development had been overlooked in the past, but now governments are turning to cluster ecosystems to consolidate this aspect.Mexicos Automotive Industry Expands to New States.
(Photo Internet reproduction)Redcam has signed a collaboration agreement with the Mexican Association of Economic Development Secretaries (Amsde).
This partnership aims to support state secretariats in promoting cluster policies in areas with industry presence but lacking support systems.The Rise of Automotive Clusters in MexicoThe relocation of suppliers and investments is influencing the development of automotive zones.
Companies see opportunities to capitalize on these production trends.
The cluster model can make investment attraction more strategic for these regions.The National Auto Parts Industry (INA) reports that from January to July, the sectors production in Mexico reached $73,303 million.
The northern region contributed 43.3%, the Bajo region 36%, the center 15.6%, and the rest of the country 5.1%.The main producing states are Coahuila, Guanajuato, Nuevo Len, Chihuahua, and Quertaro, accounting for 58.1% of the total value of the auto parts industry.However, in terms of annual growth, Yucatn led with 37.3%, followed by Zacatecas, Guanajuato, San Luis Potos, and Nuevo Len.This expansion reflects a growing trend of decentralization in Mexicos automotive industry, highlighting the potential for economic growth and job creation in new regions across the country.





Unlimited Portal Access + Monthly Magazine - 12 issues


Contribute US to Start Broadcasting - It's Voluntary!


ADVERTISE


Merchandise (Peace Series)

 


EU-Andean Trade Pact Takes Full Effect After 11-Year Provisional Period


Election Uncertainty Spurs Rich to Transfer Wealth Early in the U.S.As the 2024 U.S. presidential election approaches, wealthy Americans are speeding up wealth transfers to their heirs.They goal to take advantage of estate tax exemptions set to expire in


Chile and Australia Strengthen Defense Ties in Inaugural Bilateral Dialogue


[Brazil] - International Innovation Index 2024: Switzerland Leads, Brazil Tops South America


Violence and Corruption: Key Factors Limiting Mexican Investment


Mexico's Automotive Industry Expands to New States


[Brazil] - Brazil's Foreign Reserves Reach Five-Year High: A Closer Look at Economic Stability


[Brazil] - Santos' Promotion to Serie A Hangs in Balance as Ceará Secures Crucial Victory


Binance Gains Users, Loses Market Share After Regulatory Overhaul


Record Growth in Brazilian Agribusiness: 34 New Markets Opened in October


Kenya Revives Contested Tax Hikes Amid Economic Pressures


Gates Foundation's Diplomatic Shield in Kenya: A Troubling Precedent


BrazilÂ’s Ibovespa Drops 1.23% as Fiscal Concerns Grow


BrazilÂ’s Pre-Salt Oil Fields Achieve Record Production in September


A New Chapter for Botswana: Duma BokoÂ’s Rise to Power


Oil Prices Edge Up Slightly, Yet End Week with Over 3% Decline


Economic Data Clash Leaves Gold Market Flat


Dollar Hits 4-Year High as Brazil Faces Fiscal Uncertainty


Ayodhya's Diwali Spectacle: A Record-Breaking Hindu Celebration of Light and Tradition


Separatist Sentiments Stir in Southern Peru


Senegal Partners with Turkey for Food Sovereignty Amid Ankara's Growing African Influence


[Brazil] - Hypera's Stock Plummets as EMS Withdraws Merger Proposal


[Brazil] - France's Loaded G20 Defense Pitch: Helicopters, Jets, and Submarines for Brazil


Ethiopian Airlines Clinches Top Honors at 2025 APEX Passenger Choice Awards


Colombia's Unemployment Rate Drops to 9.1% in September


Chile Leads Latin America in Immigration Opposition


Chad Launches Military Offensive Against Boko Haram in Lake Region


[Brazil] - Ibovespa Ends October Down as Dollar Surges; Markets Dips 1.6% in October


[Brazil] - Embraer Expands into North Africa with Morocco Alliance





70