Mexico’s auto industry in unprecedented crisis due to coronavirus
Mexico’s auto production could fall by 30% in 2020 while exports may slide 33%, according to Fausto Cuevas, director general of the Mexican Association of the Automotive Industry (AMIA), during a video press conference Monday.
The country’s automotive production industry — which includes passenger vehicles and heavy-duty trucks — was hammered by Mexico’s closure of all nonessential businesses on March 30 to slow the spread of the coronavirus. This included automakers such as Chevrolet, General Motors, Ford, Mazda, Nissan, Toyota, BMW and Volkswagen.
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