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Mexico's cars and trucks FDI reaches $3.933 billion

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Christian Fernsby ▼ | March 27, 2020
Mexico captured $3,933 million of Foreign Direct Investment (FDI) in the production of vehicles and trucks in 2019, which represented an 18% year-on-year increase as well as a record.
Mexico car industry
Foreign Direct Investment   An 18% year-on-year increase as well as a record
The production of cars and trucks was placed as the production branch that received the most FDI arrivals last year, surpassing multiple banks ($3,699 million) and the production of auto parts ($3,014 million).

Topics: Mexico car truck FDI

Once the Treaty between Mexico, the United States and Canada (USMCA) is approved, the US Department of Commerce anticipates increases in US and Mexican exports in this sector.

The Mexican Association of the Automotive Industry (AMIA) estimates that Mexico will become the fifth largest producer of vehicles in 2021 due to new players manufacturing original equipment.