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Mexico auto exports, output rises in June as autos lobby seeks NAFTA impetus

Auto News - Published on Thu, 12 Jul 2018

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Reuters reported that Mexico auto exports, excluding those from manufacturer Nissan, rose 8.1 percent in June compared with the same month a year ago, while production for the month rose 0.8 percent, the country's auto industry association AMIA said. AMIA said that Mexico exported 260,966 units in June, up from 241,501 in the same month a year earlier, and produced 349,153 units last month, up from 346,522 in June 2017.

AMIA's export data did not include figures for Japanese carmaker Nissan Motor Co Ltd, which has stopped providing export figures.

AMIA said that domestic auto sales, however, dipped 6 percent to 119,713 vehicles in June, compared with June 2017.

Mexico's auto industry has been plagued by uncertainty since U.S. President Donald Trump last year launched a renegotiation of the North American Free Trade Agreement, known as NAFTA, seeking to repatriate manufacturing jobs to the United States.

The Trump administration aims to secure a bigger share of auto production for the United States under a revised NAFTA pact by insisting on tougher regional content requirements.

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Posted By : Nanda Koijam on Thu, 12 Jul 2018
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