Mexicos August auto production up 19.5% to 179,527 units
Mexico auto production and exports continued to grow at a solid pace in August, while domestic sales were little changed from the year-ago month, the Mexican Auto Industry Association, or AMIA, said Monday.
AMIA said production last month rose 19.5% from August 2005 to 179,527 units. Exports jumped 38.2% to 136,114 units, and domestic sales edged up 0.3% to 90,936 units.
The recovery in the Mexican auto industry, the countrys biggest single manufacturing sector, contributed significantly to the 5.4% year-on-year increase in manufacturing in the first half of the year.
Source : marketwatch.com
Mexico's auto output rose in August, exports declined
Mexico's auto industry posted a mixed performance in August, as production rose after two months of declines but exports continued to fall.
Mexican auto industry association AMIA said Wednesday that car makers in the country produced 150,189 units last month, up 7.2% from the same month of 2004. Exports, though, slipped 10.5% on the year to 98,512 vehicles, posting their third straight month of declines.
"Total production and exports continue to show some ups-and-downs, but we still expect a recovery in what remains of the second half (of the year)," the association said.
Domestic
UPDATE: Mexico 2005 Auto Production Up 6.6% To 1.6 Million Units
MEXICO CITY -(Dow Jones)- Mexico's auto production rose 6.6% last year to 1.6 million units, reversing four years of declines in a key manufacturing sector, the Auto Industry Association said Tuesday.
AMIA, as the trade group is known, said exports last year rose 8.4% to 1.2 million units, and domestic sales - which include imported cars - rose 3.3% to 1.1 million units.
The auto industry represents the largest single manufacturing sector in Mexico, and weakness in the industry has proved a drag on growth in industrial production in recent
UPDATE 1-Mexico industrial production up 2.1 pct in August
Mexican industrial production rose 2.1 percent in August compared to the same month a year ago, heralding a mild recovery in the dull manufacturing sector which has been dragging the overall economy down.
The median of analysts' forecasts in a Reuters poll had predicted a rise of 2.4 percent in industrial output.
The government said on Wednesday industrial activity in the month grew 0.44 percent compared to July while key manufacturing output increased 2.3 percent in August from a year earlier.
Mexico's industrial output fell an unexpected 1.1 percent in July compared with the year
Mexico auto output, exports soar in December
Mexico's auto industry output and exports soared in December as the sector continued a dramatic rebound after months of weakness.
Production in December rose 33.3 percent from the same month last year, while exports climbed 63.5 percent, the Mexican Automotive Industry Association (AMIA) said on Tuesday.
For full year 2005, production rose 6.6 percent and exports climbed 8.4 percent.
Soure: today.reuters.com
Mexico's Imsa to spin off units, list new company
Mexican conglomerate Imsa plans to spin off its plastics and aluminum units and list them in a new holding company on the local bourse, a restructuring that separates out its steel business.
Imsa said its plastics and aluminum subsidiaries, which make products like frames and ladders for the construction industry, will form a new company called G2, according to a prospectus published on Friday.
Shares of Imsa (IMSAUBC.MX: Quote, Profile, Research), which also processes steel for the auto and construction industries, soared on the split news. Shareholders of Imsa will receive one share of
With new auto plants, Detroit South grows in Mexico
For Mexico, the recent groundbreaking of a new $650 million auto factory was worth celebrating. President Vicente Fox and other dignitaries attended the event. Local executives from General Motors, the investor, flew in to the central state of San Luis Potosi, where the assembly plant now under construction is expected to eventually employ up to 1,800 people and churn out as many as 160,000 compact cars a year.
During the past dozen years, many foreign manufacturers rushed to build factories in states like Alabama, Mississippi and Tennessee, earning the trend a nickname: Detroit
UPDATE 1-Mexico July industrial output unexpectedly falls
Mexican industrial output fell an unexpected 1.1 percent in July compared to a year ago, the first decline in four months, as manufacturing output was even weaker than forecasts, the government said on Monday.
Key manufacturing output dropped 2.1 percent in July from a year earlier, according to the finance ministry, with weakness evident in the auto industry from declining car and truck demand in the United States.
Analysts in a Reuters poll had expected a median year-on-year increase of about 2.6 percent in July industrial production. Industrial activity in July rose 0.22 percent from June.
The
Mexico's Industrial Output Probably Rose 2% in September
Mexico's industrial production probably rose 2 percent in September, the latest evidence that the expansion in Latin America's second-biggest economy is sputtering as export growth to the U.S. slows.
Output growth of 2 percent -- the median estimate of 15 economists surveyed by Bloomberg -- would be down from 2.1 percent in August. It would also mark the fifth straight month in which production growth failed to reach 3 percent. Mexico had average monthly output growth of 3.8 percent last year.
``This economy is not robust,'' Gray Newman, chief Latin American economist at
Mexicos Economy Hits 6-Year High Note
Mexicos economy expanded at the fastest clip in six years in the first three months of 2006, a performance that analysts say could help boost the electoral chances of the ruling conservative party.
The nations economic output grew 5.5% from the January-March period last year, the Treasury Ministry said Wednesday. Construction activity grew at a blistering 8.3% pace, thanks to a government-led housing push, and the factory sector accelerated 7.1% on revved-up auto production. Those are the two main drivers of industrial activity, which expanded 7%. Mexicos service sector also extended its solid run with
Mexicos Tribunal Ruling Still Leaves People Wondering
Mexicos Supreme Electoral Tribunal (known as the Trife) has decided to rejected the full recount of the countrys 130,000 precincts, and only limit the count to 11,839 precincts or (9.07%) of the ballots, beginning August 9th. The partial recount ordered by the court will begin Wednesday and last for one week and the results must be submitted by August 16.
Narco News Al Giordano has a break down of the different scenarios that can occur and how López Obrador can still come out as a winner.
More : scoop.epluribusmedia.org
