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Mexico's Automotive Industry and Economic Growth: A Competitive Edge

Mexico has emerged as the world's fourth-largest auto exporter, shipping vehicles from brands like Nissan, Mazda, Honda, Volkswagen, and Audi to the U.S. Competing against China, India, Russia, and Brazil, Mexico's automotive sector is poised for growth, especially with rising gas prices. Its economy is predicted to rank among the top ten globally with a current 4% growth rate, as new reforms in the oil sector aim to improve productivity. With lower labor costs compared to China and favorable trade agreements, manufacturing in Mexico is becoming increasingly attractive.

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Mexico's Automotive Industry and Economic Growth: A Competitive Edge

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  1. Made in Mexico By: Cedar, Tyler, Madison, Jae, Bryan

  2. CARS • Mexico is the worlds fourth biggest auto exporter • It exports Nissan, Mazda, Honda, Volkswagen, and Audi to the U.S.

  3. US imports • Currently Mexico competes with China, India Russia and Brazil • It is growing and predicted to pass them soon especially with the increase in gas price • Because of the proximity to the U.S. and NAFTA it is becoming one of the U.S.’s biggest trade partners

  4. Mexico economy growth • Mexico is predicted to become on of the worlds 10 largest economies with a 4% growth rate currently and the new president trying to reach 6% soon

  5. Change in the oil industry • PEMEX has been run rather poorly in the past but is looking at improvement • Opening it up to private business using contracts in which private companies would share both reward and risk of drilling

  6. Mexico VS China • In 2000 it cost China $.32 per hour to employ a worker and Mexico $1.51 • Last year it cost China $1.63 per hour to employ a worker vs Mexico’s $2.10 • This coupled with NAFTA and the rising price of oil will soon make it cheaper to manufacture things in Mexico

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