Mexican vehicle exports up in 2017 despite Nafta fears

Mexico City

MEXICAN vehicle production and exports hit a record high in 2017, far outpacing growth in 2016, despite fears that shipments could be hurt by a renegotiation of the North American Free Trade Agreement (Nafta) with top trading partners the United States and Canada.

Full-year 2017 vehicle exports grew 12.1 per cent and production increased 8.9 per cent, motor industry group AMIA said on Monday. Exports rose 16.7 per cent in December from the same month a year earlier, while production was up 1.5 per cent.