Mexico could see 12 pct rebound in vehicle output, exports i

Mexico could see 12 pct rebound in vehicle output, exports in 2021: industry leader - World News


2021-01-11 23:35:19 GMT2021-01-12 07:35:19(Beijing Time) Xinhua English
MEXICO CITY, Jan. 11 (Xinhua) -- Mexico's light vehicle production and exports could both grow 12 percent in 2021, general director of the Mexican Automotive Industry Association (AMIA), Fausto Cuevas, said on Monday.
"That takes into account that the outlook for the markets in the United States and Canada are quite favorable for this year," Cuevas said in a videoconference with journalists, referring to Mexico's two partners in automotive matters.
"That would allow us to gradually return to the figures we had before the pandemic," Cuevas added.
National production and exports of vehicles plummeted in 2020 by 20 percent each, due to the global impact of the novel coronavirus disease (COVID-19), according to figures released Friday by the National Institute of Statistics and Geography.

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