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Thursday, January 9, 2014

Mexico auto production, exports rise in 2013-AMIA

MEXICO CITY, Jan 8 (Reuters) - Mexican auto production rose by 1.7 percent and exports jumped by 2.9 percent last year, the Mexican Auto Industry Association (AMIA) said on Wednesday.

Production in the year reached 2,933,465 units while exports notched 2,423,084 units, AMIA said. However, in December, Mexican automobile production plunged 9.1 percent compared to the same month last year to 164,221 units.

Exports last month rose 4.2 percent to 161,208 units versus December 2012, AMIA said. Mexico exports the majority of its automobile production to the United States.

Mexico's economy rebounded in the third quarter as demand for exports picked up following a contraction in the prior three month period.

yahoo.com

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