lunes, 10 de enero de 2011

Good news for Mexican growth, exports and employment...

On January 10, CNN Money argued that the December auto sales figures in the US could portend a good 2011:

"Most automakers ended a challenging 2010 with a strong sales month, raising hopes that the industry could be carrying some momentum into the new year.

American automakers General Motors, Ford Motor and Chrysler Group all posted solid gains that met or topped forecasts. Ford's gains in 2010 allowed it to recapture the position of No. 2 automaker in U.S. sales, trailing only GM, for the first time since 2006, reclaiming the spot from Toyota Motor."

Given that a quarter of all Mexican manufactured exports are auto-related (four-fifths of which go to the US market), growing vehicle sales in the US is very positive for Mexico.

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