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Mexico - Flash report, Automotive production volume, 2023
by exports to the US, which is now broadly expected to fall into a technical recession in 2023. The bank also anticipates that Banxico’s overnight rate will rise to 11% in 2023.On March 6, Tesla CEO Elon Musk confirmed Monterrey as the location for that the upcoming Gigafactory Mexico, which will focus on building the company’s next-gen vehicle. The company currently has capacity to build about 2 million cars a year at four factories, in Frem...
Automotive Production Data Updated at: 2025/06/04
UK - Flash report, Automotive production volume, 2023
and domestic sales increased 12.5% (y/y) to 234,651 units. The percentage of export was 77.1%.Mike Hawes, CEO of SMMT said "Receding supply chain challenges, new model introductions and a massive £23.7 billion of investment put UK vehicle production firmly back on track in 2023. Industry will now focus on the delivery of these commitments, transitioning the sector at pace to electric and scaling up the supply chain. With global competition as f...
Automotive Production Data Updated at: 2025/06/04