MEXICO CITY Mexicos
auto parts industry has surpassed that of South Korea and now
ranks as the fifth-largest in the world, according to the
national suppliers association, Industria Nacional de
Autopartes AC (Ina).
China tops the list of the
largest auto parts manufacturing nations in the world, followed
by Japan, the United States and Germany, the association
South Korea, Brazil, India,
Italy and Thailand are the following biggest producers, after
Auto parts production was valued
at $75 million last year in the Latin American nation compared
with $68 million in 2011, according to data from both Ina and
government agency ProMéxico, which promotes
international investment and business.
About $16 billion is expected to
be invested in the automotive sector in Mexico over the next
few years, driving local vehicle output to as much as 4 million
units per year, according to the Mexican Ministry of
Vehicle output reached 2.88 million units for the whole of
2012 in Mexico, up 12.8 percent from 2011 levels.
A version of this article
was first published by AMM sister publication Steel