According to INEGI figures, in 2021, Mexico produced a total of 2,979,276 light vehicles and according to forecasts from various firms and statistical sites such as IHS Markit and Statista, in 2022 production could increase to between 3.1 and 3.4 million units, depending on market movement and the development of the global semiconductor supply crisis, which is still expected to continue throughout this year and into 2023, albeit in a more controlled manner. Currently, there are more than 2.2 million automobiles in Mexico that are not being produced.This amount corresponds to the number of

Canadian headquartered automotive holding Magna International Inc has signed a deal to buy Italy’s OLSA S.p.A. The transaction is valued at $354 million (230 million euros). OLSA, based in Turin, Italy, employs about 2,500 people and has manufacturing operations in Italy, Poland, Brazil, China, and Mexico. Its customers include the Volkswagen Group, the BMW Group, Daimler, and FCA. The deal, which requires regulatory approval and other standard closing conditions, is expected to close before the end of the year. Magna says the deal will make the company a global lighting supplier and expand

By: Ivet Rodríguez The installation of Audi, BMW and Mercedes Benz-Infinit plants in Mexico is an opportunity to raise the level of automotive production in the country. However, on the road to premium quality, there are several challenges to overcome, such as the consolidation of a competitive supplier base. Armando Bravo, Director of the Center for the Development of the Automotive Industry in Mexico (Cediam), believes that in the start-up phase of their plants, these companies - with the exception of BMW, which already has a base of 64 suppliers in the country - will be supplied by imports

MEXICO CITY - The German brand BMW will invest $1 billion dollars to build a plant in San Luis Potosi, where it will assemble up to 150,000 units annually of its 3.28 model, announced Harald Krüger, member of the board of directors of BMW Group for production and manufacturing. The new complex will generate 1,500 direct jobs once it starts operations in 2019, Krüger added during the official announcement made at the Official Residence of Los Pinos. BMW revealed last year its interest in assembling both the 1 Series and 3 Series in Mexico, as long as the right market conditions were generated