Mexico’s auto industry remains mired in recession as production plummeted 26.8% to 116,114 units, but the shortfall marked the lowest monthly build decline of the year. Production for export in the month dropped 22.9%, compared with like-2008, to 88,688 units, while domestic output dropped 37.1% to 27,456. Production by Detroit-based auto makers plunged 19.5%, compared with year-ago, to 54,572 vehicles, led by a steep 43% decline at General Motors de Mexico S.A. de C.V., where output ...
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