Mexico overtakes Japan as No. 2 car exporter to US
Published on Apr 10, 2014 9:36 AM
MEXICO CITY (AFP) - Mexico's booming auto industry has reached a major milestone, claiming to have overtaken Japan as the second biggest car exporter to the United States in the past three months.
The Latin American nation now only trails Canada, but experts say Mexico could become the top exporter to its northern neighbor as soon as 2015, a potent symbol of its growing global clout in the sector.
Industry analysts had expected Mexico to surpass Japan by the end of the year, but the Mexican Automobile Industry Association (AMIA) says it has happened faster than expected.
"It does not surprise me that they did (overtake Japan), and that number will even get bigger," Mr Haig Stoddard, industry analyst at Michigan-based WardsAuto Group, told AFP.
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