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Overproduction,
saturation of Asian brands, and decreases in sales and profits
has hit the worldwide automobile industry hard. This situation
has also impacted the Mexican automobile industry, as
illustrated by the fact that some of the leading car-assembling
companies such as Ford, GM, Chrysler, Renault and Volkswagen,
have moved their plants and design centers to other countries.
Mexico’s prominent competitive
advantages, which include the geographic proximity to the world’s
biggest market, as well as experience in the sector, has attracted many
automotive companies in the past which sought to increase production and
lower costs.
The automotive industry is growing in
Mexico. Meanwhile, the export market in 2007 presents a total growth of
5.2 percent compared to 2006, with a total production volume of 1,196,
996 vehicles. Total production of Ford Mexico in 2006 tripled, as
compared to 2005.
Ford produced 330,182 vehicles in the
assembling plants of Cuautitlán, Estado de México and Hermosillo,
Sonora...
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