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Sunday, 14 August 2011

Mexico stages comeback as hub for light vehicle output

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Mexico is making a comeback as a hub of automobile manufacturing after years of losing production to Asia, as European and Japanese carmakers take on U.S. rivals and move output closer to North America.

At the same time, rising labor costs make manufacturing in China less attractive.

 The Mexican auto industry got a boost on Friday when Honda Motor Co. said it will spend about $800 million on a new plant to make subcompact cars for the North American market. Vcommindia News

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