Mexico's automotive sector – once a global powerhouse attracting billions in foreign investment – is now skidding into uncertainty. New data reveals a jaw-dropping 40% plunge in car and truck production investments this year, leaving experts questioning the industry's roadmap.
🌐 "This isn't just about assembly lines slowing down," says CGTN's Alasdair Baverstock from Mexico City. "It's about shifting global supply chains, EV transitions, and competition from emerging markets."
🔧 The slowdown impacts everything from factory jobs to Mexico's position in North American trade networks. While some analysts point to pandemic-era backlog resolutions, others warn of deeper structural challenges ahead.
⚡️ Fun fact: Mexico still ranks as the world's 7th-largest vehicle producer! But with major automators rethinking strategies, can this engine restart? Stay tuned as we track this economic gear shift.
Reference(s):
cgtn.com