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Mexican Auto Production Grows

Admin | 16.05.2012

Mexican automakers’ production rose 31% in April 2012 vs. April 2011, setting a record of 206,389 cars and light trucks, according to the Mexican Automobile Industry Association (AMIA). Auto exports also grew 20% to 168,907 vehicles.

Mexican automakers’ production rose 31% in April 2012 vs. April 2011, setting a record of 206,389 cars and light trucks, according to the Mexican Automobile Industry Association (AMIA). Auto exports also grew 20% to 168,907 vehicles.

April domestic new car sales rose 7.1% to 69,890 vehicles, but did not beat sales of April 2007. Auto production for the first four months of the year rose 15% total, and exports grew 16%, according to MarketWatch.

Head of AMIA, Eduardo Solis, said that the U.S. remains the most important market for Mexican auto exports. April exports to the U.S. were up 27%, and 1 in every 10 cars sold in the U.S. were Mexican, according to the AMIA.

Brazil recently entered into an agreement to cap Mexican auto exports to the country, but that has not yet affected the strong growth to Latin America in whole. Mexican exports to the region rose 31% during January through April.

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The strong growth that the Mexican auto market has seen shows insight into how the automobile market is balanced. There could be pent up demand for cars and trucks, and Mexico is delivering.

Below is a list of automakers around the world. How do you think their revenues will be affected by Mexican auto production and sales?

List sorted by market cap. Interactive Chart: Use the Compar-O-Matic to compare analyst ratings for the stocks mentioned below:

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1. Ford Motor Co. (F, Earnings, Analysts, Financials): Develops, manufactures, distributes, and services vehicles and parts worldwide. Market cap at $40.38B, most recent closing price at $10.58.

 

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2. Tata Motors Ltd. (TTM, Earnings, Analysts, Financials): Engages in the manufacture and sale of commercial and passenger vehicles primarily in India. Market cap at $17B, most recent closing price at $27.55.

 

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3. Honda Motor Co., Ltd. (HMC, Earnings, Analysts, Financials): Engages in the development, manufacture, and distribution of motorcycles, automobiles, and power products primarily in North America, Europe, and Asia. Market cap at $62.13B, most recent closing price at $34.30.

 

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4. Toyota Motor Corporation (TM, Earnings, Analysts, Financials): Engages in the design, manufacture, assembly, and sale of passenger cars, minivans, and commercial vehicles. Market cap at $126.20B, most recent closing price at $80.71.

 

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5. Tesla Motors, Inc. (TSLA, Earnings, Analysts, Financials): Designs, develops, manufactures, and sells electric vehicles and advanced electric vehicle powertrain components. Market cap at $3.39B, most recent closing price at $32.25.

 

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6. Nissan Motor Co., Ltd. (NSANY, Earnings, Analysts, Financials): Engages in the manufacture and sale of automotive products, industrial machinery, and marine equipment primarily in Japan, North America, and Europe. Market cap at $81.61B, most recent closing price at $20.17.

 

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7. General Motors Company (GM, Earnings, Analysts, Financials): Operates as a global automaker. Market cap at $34.45B, most recent closing price at $22.0.

 

 Source: wire.kapitall.com

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