Nissan And Chrysler Strengthen Outperformance View

BMI's long-held view about Mexico being a major outperformer in autos production in the Latin America region is gathering strength following Nissan Motor's and Chrysler's announcements of increased production-related investments in the country. Mexican carmakers produced 2.55mn cars and light trucks last year, an increase of 13.1% year-on-year (y-o-y) and a new record for the country's autos industry, estimates from the local autos association AMIA have revealed. For now, we maintain our forecast of 10% y-o-y average annual growth in Mexico's autos production between 2012 and 2016, but there could be more upside potential depending on the size of the

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