Wheels

Mexico car exports, production nosedive amid coronavirus crisis

Production plunged 98.8% in April from a year earlier to just 3,722 units, while exports fell 90.2% to 27,889 units.

MEXICO CITY – Mexico auto production and exports plummeted in April, data from the national statistics agency showed on Friday, as the coronavirus pandemic forced shut car manufacturing plants and sapped consumer demand for new vehicles.

Production plunged 98.8% in April from a year earlier to just 3,722 units, while exports fell 90.2% to 27,889 units.

Read full news on auto.economictimes.indiatimes.com

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