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
Maya women of the 21st century
Nowadays, a large number of women.
Join the International Day of Moon Observation at the Planetarium of Mérida
In order to join the International.
Yucatecan scientists create environmentally friendly vehicle
In order to generate efficient and.
The 5 cenotes you can’t miss in your nest trip to Yucatan
In addition to its rich archaeological,.
Yucatan is searching for “Miss Earth 2019”
“Miss Earth Yucatan 2019 is a.
Celestún, love at first sight
Whoever rejects the hypothesis of love.
Scientists say the Maya Kept Jaguar Zoos for Centuries
A chemical analysis of excavated bones.
Mexico forced to ask for help from the UN Refugee Office before imminent Honduran caravan
Mexico says it will ask the.
Top news from Cancun Travel Mart
Cancun Travel Mart, one of Mexico’s largest tourism.
Marijuana stocks to watch: Canopy Growth is the cannabis business’s $4 billion gorilla
The following article is part of.