LEÓN, Guanajuato — The Economy Ministry estimated that by 2020 Mexico will move from seventh to fifth place in global vehicle production, with the production of five million units, Notimex reported.
The head of the federal Economy Ministry, Ildefonso Guajardo Villarreal, said that in the last three years Mexico was able to attract investments of nearly $26 billion dollars in the automotive industry, with which the installation and expansion of five plants were achieved, to multiply its capacity.
During the laying of the Michelin tires plant foundation stone in León, he added that with such investments the production of five million vehicles per year by 2020 will be achieved, which “will lead us from the seventh to fifth place of largest producers”.
The official also said that the tire production in Mexico is growing, which today amounts to 21 million pieces, of which 75 percent is exported.
more recommended stories
AMLO says he will not ‘confront’ Catholic church over sexual abuse claims
(Reuters) – Mexican President Andres Manuel.
Water treatment plant shut down in Cielo Alto, Southern Mérida
“After causing damage to the environment,.
“Villaventura” Parque Vivo: Interactive farm to bring children closer to nature
The importance of the direct contact.
Yucatan seeks to reduce the number of suicides with prevention program
Yucatan doubles the national rate of.
Maya train features mixed investment: 10% government and 90% private initiative
The Maya Train project will be.
Progreso Beach and the mafia behind the Palapas
In an extensive investigation conducted by.
Passenger stabbed to death inside a Merida public transport bus
What started as a fight ended.
The National Institute of Migration seeks to facilitate the integration of foreigners in Yucatan
MERIDA YUCATAN.- The National Institute of.
Yucatan´s new gastronomy
The president of the National Chamber.
Meet Merida’s new “Park Rangers”
MERIDA YUCATAN.- In order to maintain the.