Mexico has surpassed Canada as top exporter of components to the U.S. auto industry, according to Deloitte Consulting in Mexico City. However, most of the auto parts growth has been spurred by components facilities owned by foreign firms. And if domestic companies want to survive, they must continue to globalize and become competitive in the production of high technology products, say industry insiders. “They have three options because the Mexican market is too small. Either they expand, ...
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