Funding in automotive manufacturing hits historic excessive in Mexico
International direct funding (FDI) in Mexico’s automotive manufacturing business reached a historic excessive throughout the first half of 2023. In accordance with knowledge from the Financial system Ministry (SE) as reported by El Economista newspaper, Mexico attracted over US $5 billion in FDI within the automotive manufacturing business between January and June of this 12 months, exceeding the quantity invested not solely throughout the identical interval up to now 12 months, however throughout any full 12 months on report. The sector enormously contributed to the general FDI report of US $29 billion seen to this point this 12 months. Within the first six months of 2023, Mexico’s exports of automotive merchandise elevated by 14.2%. (Shutterstock) Throughout this era, exports of automotive merchandise elevated by 14.2%, in response to knowledge from…
