Home to myriad auto makers and suppliers largely dependent on the U.S. market, Mexico is being battered by North America’s economic downturn. One-fifth of Mexico’s annual exports are vehicles and car parts targeted for the U.S., where new light-vehicle sales plummeted 37.5% through April, compared with year-ago, to 2,197,239 units, according to Ward’s data. A decline in Mexico’s vehicle production has been tracking falling sales since January, which is a departure from previous years. ...
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