Mexico produces auto parts for everyone
Mexico increased the value of its auto parts production by 10.3% between 2011 and 2012, displacing South Korea as the fifth largest global manufacturer of automotive parts and components. Mexico's main advantage over Asia was the diversification of sales, since while the bulk of South Korea's auto parts production is for its assembly plants (such as Hyundai, Kia and SsangYong), Mexico serves several Asian, American and European brands, explained Oscar Albin, president of INA. Since 2009, the auto parts sector in Mexico has recorded a sustained increase and in 2012 production reached a historic