Archive for July, 2010
New data from several major automotive manufacturers signals a recovery, and a shift toward expansion and increased foreign direct investment into Mexico’s automotive industry.
Mexico’s automotive sector experienced a steep decline in production and investment in 2009 due to the global economic downturn. In fact, by January of 2009, production of cars and light trucks had fallen to less than half of January 2008’s levels — a trend which continued throughout most of 2009. However, several major OEM’s have recently announced plans for production or supplier expansions in Mexico over next few years.
We’re proud to announce that one of the world’s largest manufacturer of miniature ball bearings — and a major supplier of cooling fans, precision motors and electrical component — has retained Crossborder Group for a country-wide analysis of Mexico’s manufacturing markets, and new sales opportunities. While not new to the Mexican market, this California-headquartered subsidiary of a major Asian company has contracted Crossborder to provide a state-by-state review of key manufacturing sectors (including both maquiladora/IMMEX and domestic manufacturers), regional industrial insights and strategic guidance, as well as survey-based feedback from potential customers companies in order to facilitate their growth in Mexico.
This week, the San Diego Union-Tribune covered recent trends of border crossings between San Diego and Tijuana — quoting Crossborder Group’s President, Kenn Morris, and highlighting some of the firm’s recent research. “It is great to see the U-T covering such an important aspect of our binational economy. This is an area that has been in steady decline since 2003, but is finally starting to show signs of stabilization,” states Morris. “There’s really a huge lack of data available about who’s crossing the border and why — something that our own team at Crossborder Group has been trying to solve with periodic at-border surveys.” Current plans are, in fact, underway by Crossborder to conduct these surveys on a quarterly basis to create more real data, and up-to-date information regarding border crossers and their impact on the binational region.