Automakers may announce the construction of three plants in Mexico, which will initially assemble a combined 400,000 cars. "There will be decisions from very important companies in the manufacturing sector, which will be announced in the summer," said Ildefonso Guajardo, Secretary of Economy. The Japanese newspaper The Nikkei reported that Nissan Motor and Daimler AG decided to produce…

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…