Image credits: Toyota Motor Sales USA
Weekly Roundups

Pandemic Leads to Modest Results

By Alejandro Enríquez | Fri, 02/14/2020 - 12:55

As quarterly reports arrive, Nissan foresees a modest 2020 in profits, while Renault announced global cuts of US$2.2 billion in costs over a five-year period. Volkswagen and Daimler are getting ready for electrification as they begin studies for sustainable lithium production in Chile.

New-vehicle financing, as well as production, maintain their downward trend. However, thanks to USMCA, Mexico could be the fourth-largest auto part producer in the world, according to INA.

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The data used in this article was sourced from:  
El Economista and Reuters
Alejandro Enríquez Alejandro Enríquez Journalist and Industry Analyst