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Mexico Holds 7th Rank in Global Vehicle Producer in 2023
By Óscar Goytia - Wed, 03/27/2024 - 12:50
Mexico maintains 7th position in global vehicle production, with 4M+ units in 2023, intensifying competition with Germany and South Korea.
https://mexicobusiness.news/tag/south-korea
More Automotive
South Korea to Increase Vehicle Exports to Mexico through an FTA
By Sofía Garduño - Tue, 03/15/2022 - 17:19
Mexico and South Korea have started negotiations for an FTA but some in Mexico’s automotive industry are not sold on its benefits.
Intel Tackles Semiconductor Shortage
By María Fernanda Barría - Thu, 04/15/2021 - 08:00
The company plans to start producing chips for the automotive industry to alleviate the shortage that has caused production to shut down.
South Korea-Mexico relationship, More Openness, More Business
By Alejandro Enríquez - Thu, 08/06/2020 - 16:19
Minister counselor Wonil Noh recalls Mexico and South Korea’s efforts to build a comprehensive trade relationship.
Design, Technology Key to South Korean OEM Success
By - Fri, 11/22/2019 - 13:37
In a contracting sales environment, Kia's aggressive sales strategies boost its position as a new market leader.
Kia Stinger, the Dawn of a New GT
By - Sat, 09/01/2018 - 13:01
Kia Stinger is the fastest accelerating model in the company’s lineup, going from 0 to 100km/h in 4.9s
Strong Contender Unfazed by Market Contraction
By - Sat, 09/01/2018 - 12:24
Hyundai Motor is a South Korean OEM. The company started selling its vehicles in Mexico in 2015 and is now the 10th-largest brand in .the market-
Brand Awareness Pays off for Relative Newcomer
By - Sat, 09/01/2018 - 12:20
Kia Motors was founded in December 1944 as Kyungsung Precision Industry, initially manufacturing bicycles. The company began producing cars in the 1970s. It has since joined forces with Hyundai to create the Hyundai-Kia automotive group
Asian Presence Expands
By - Sat, 09/01/2018 - 12:16
As the seventh-largest light-vehicle manufacturer and with a domestic market of 2 million vehicles sold per year.
Nontraditional Contenders Seek Automotive Success
By - Sat, 09/01/2018 - 12:06
The US, Japan and Germany may be the three largest investors in the Mexican automotive industry but they certainly are not the only ones.