Mexico’s auto industry saw vehicle output and exports drop in June, a third straight month of declines, the Mexican Automotive Industry Association (AMIA) reportedly said on Thursday.
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Reuters said manufacturers such as Ford, Volkswagen and DaimlerChrysler have scaled back production plans in Mexico this year to prepare for rolling out new models in 2005.
Mexico reportedly produced 141,500 vehicles in June, down 0.8% from the same month in 2003 and exports fell 9.4% to 103,017 units.
Mexico is the 11th-largest auto producer in the world but production has been hit in the last couple of years by weaker demand in the United States, its major export market, Reuters noted.
