Vehicle Production Sees Worst January in 8 Years

Light vehicle production in Mexico had its worst January since 2014 (when 249,400 cars were produced), following the 253,366 units manufactured during January 2022. Meanwhile, more than 50 companies are preparing over 310 purchases worth up to MX$1 billion (US$49 million) for the “Por más Hecho en México” business meeting, organized by the Center-Bajio-West Alliance (ACBO) to boost the local supply chain.

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ACBO’s Summit to Facilitate Over MX$1 Billion in Purchases

More than 50 companies are preparing over 310 purchases worth up to MX$1 billion (US$49 million) for the “Por más Hecho en México” business meeting, organized by the Center-Bajio-West Alliance (ACBO) to boost the local supply chain.

The event will link companies based in Aguascalientes, Guanajuato, Jalisco, San Luis Potosi and Queretaro with large North American buyers. ACBO aims to strengthen the local automotive and agricultural industries, which altogether represent 17.6 percent of the region’s GDP, said Manuel Alejandro González Martínez, Minister of Economic Development of Aguascalientes. Also, both industries generate annual exports over US$50 million and employ about 600,000 people, he said.

Marcelo Ebrard Presents US-Mexico EV Working Group

Mexico and the US created a binational working group to boost the transition from ICE vehicles to electric vehicles. Foreign Minister Marcelo Ebrard presented the high-level initiative, developed jointly by the Ministry of Foreign Relations (SRE) and the University of California, which combines Mexican and US leading actors from government, industry and academia, informed SRE.

The initiative aims to ensure a coordinated and strategic transition toward electromobility, which includes intersectoral and triple helix work in innovation, human capital, supply chain development, infrastructure development and governance structures.

Vehicle Production Sees Worst January in 8 Years

Light vehicle production in Mexico had its worst January since 2014 (when 249,400 cars were produced), following the 253,366 units manufactured during January 2022, according to figures published by INEGI. Exports amounted to 216,630 units, a 4.7 percent decrease compared to December 2021.

Tesla Production to Start Mid-March in Berlin at the Earliest

Production at Tesla's Berlin plant will not start until mid-March at the earliest, reported German broadcaster RBB. The electric automaker is still awaiting final approval from local authorities to begin production.

Bosch CEO Expects Chip Shortage to Ease, Hopes for Return to Normal by 2023

Bosch CEO Stefan Hartung expects the chip shortage to lessen significantly in 2H22, he said at a press conference on Wednesday, adding he hoped businesses could be back to normal by 2023, reported Reuters.