Armando Sanudo

Sep 13, 2023 | jdsupra.com | Alex Perez |Alex Perez |Armando Sanudo

The automotive industry is fundamental to Mexico’s development and key to its economic growth. To understand the importance of the automotive industry in Mexico, below are some representative figures: Largest source of foreign currency; 6% of GDP; Approximately 1,000,000 direct jobs (22% of all manufacturing jobs in Mexico); During 2017-2022 accounted for 17.2% of all Direct Foreign Investment.