(Adds unit production numbers, background)
MEXICO CITY, Feb 8 (BestGrowthStock) – Mexican auto production rose
in January for the third straight month as the economy
recovered from a severe downturn due to the U.S. recession, an
industry group said on Monday.
The Mexican Automotive Industry Association, or AMIA, said
output rose 102.4 percent on an annual basis to 165,058
vehicles last month compared to 81,533 in January 2009.
January exports more than doubled to 114,193 vehicles
compared with 51,061 in the same month last year, soaring 123.6
percent.
Automobiles and auto parts represent around one-fifth of
Mexico’s manufactured exports, most of which are sold in the
United States.
Local auto output plummeted early last year as the U.S.
downturn dragged Mexico into its deepest recession since the
1930s.
Investing Analysis
UPDATE 1-Mexico Jan auto output leaps 102.4 pct vs year ago
Commnets
Copyright 2011 Thomson Reuters. Click For Restrictions
