Mexico and the Automotive Industry

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1 日 系 自 動 車 部 品 サプライヤーを 対 象 とした メキシコ 進 出 実 務 ワークショップ 講 義 1 Mexico and the Automotive Industry Raul Urteaga Trani Minister Office of Mexico - Japan Economic Partnership Agreement Tokyo February 2012

2 Mexico is now the world s 8th largest manufacturer of automobiles 2011, a record year for Mexico s production of passenger cars and light trucks: 2.55 million units. Mexico exported more than 2.1 million vehicles to markets in North America, Europe, South America and Japan. Of that, almost 322 thousand cars were exported to Brazil and other South American markets, or an increase of 56 percent growth for the year. In the U.S., sales of Mexican-made cars surpassed 1.3 million units and exports to Europe were 221 thousand vehicles. 2

3 Mexican-made cars are exported to markets, demanding the highest quality, safety and environmental standards. Leading car manufacturing countries 2010 Leading Car Exporting countries in 2011 Ranking Country Million units 1 China Japan U.S Germany South Korea Brazil India * Mexico Spain France Thailand Indonesia 0.70 Ranking Country Million units 1 Germany Japan * France South Korea Mexico Spain * U.S China Thailand Brazil India 0.52 Source: OICA *2011 Source: from each country vehicle manufacturer Association *2010 3

4 Mexico in the world Asia North America Europe South America

5 Industry Size 2,557,550 units produced last year. Source: AMIA According to AT Kearney, by the end of the decade, Mexico could become the world s seventh largest manufacturer of vehicles with a production output ranging from 3.5 million to 4 million vehicles. 5

6 Companies established in Mexico The most important OEMs have plants in Mexico. Passenger vehicles No. of plants Commercial vehicles Engines & Transmissions Nissan 3 Hino Motors Detroit Diesel Honda 2 Isuzu Man Toyota 1 Volkswagen Cummins GM 4 Freightliner Ford Ford 3 Scania Chrysler Chrysler/Fiat 3 Volvo G.M. Volkswagen 1* Mercedes Benz Volkswagen BMW 1 Kenworth Nissan International Magna Mazda 1 Giant Motors *Volkswagen s largest automotive cluster in the Americas 6

7 7 Highly developed automotive clusters. Automotive Industry Location CHIHUAHUA KENWORTH (TRUCKS) TIJUANA MEXICALI SONORA CHIHUAHUA G. PALACIO LINAMAR (ENGINES) North Center TOYOTA (PICK-UP TRUCKS & BEDS ) COAHUILA RAMOS ARIZPE G.M. (PC & UV) Bajío GARCIA NAVISTAR (TRUCKS) FORD (PC) HERMOSILLO DURANGO NUEVO LEON TAMPS. S.L.P. SCANIA (TRUCKS) MICHOACAN ZACATECAS S.L.P. CUAUTITLAN AGS. FORD CHRYSLER SALTILLO GTO. (ENGINES & UV) QRO. (PC & UV) D.F. NISSAN HIDALGO AGS. (PC & ENGINES) JALISCO HONDA (PC) GUADALAJARA MEX. TLAX. COLIMA MICHOACAN MOR. PUEBLA G.M. SILAO TABASCO (UV) G.M. (ENGINES) TOLUCA GUERRERO TOLUCA OAXACA CHRYSLER (PC & UV) CHIAPAS M.BENZ (PC & UV) SANTIAGO BMW (PC) TOLUCA PUEBLA NISSAN CIVAC V.W. MASA (TRUCKS) TULTITLAN (PC & UV) (PC & ENGINES) VOLVO (TRUCKS) TOLUCA CAMPECHE YUCATAN

8 8 Automotive Industry Restructuring Automotive companies and their suppliers are intensifying production transfer to Mexico. Japanese OEM s and auto parts firms have been impacted by the high value of yen. Firms must migrate production overseas to remain competitive. Since 2008, Mexico has emerged as one of the world s most competitive site for foreign manufacturers of finished vehicles but also for auto parts production. Japanese, North American and European manufactures are rapidly expanding in Mexico.

9 9 Examples of recent OEM s investment in Mexico 2009 GM: USD$ 500 million to produce a new line of engines, as well as a new vehicle in the State of Coahuila Ford: USD$3 billion for a diesel engine plant in Chihuahua, a new transmission plant in Guanajuato (a joint venture with Getrag) that produces the Fiesta s new automatic transmission, and a revamping of its Cuautitlán Plant to assemble the Fiesta model Volkswagen: USD$550 million in an engine plant in Guanajuato, to produce up to 330,000 latest-generation engines per year to supply clients in Mexico and the U.S.

10 10 Examples of recent OEM s investment in Mexico 2011 Mazda: USD$ 500 million for a new plant to produce 140 thousand units beginning in late Honda: USD$ 800 million to build its second plant in Mexico with and output of 200 thousand cars beginning in Fiat: USD$ 400 million to build a new plant in Coahuila. Nissan: USD$ 2,000 million for its third plant in Mexico to produce 175 thousand units beginning in late 2013.

11 Vehicles Sales, Exports and Production Mexico s Automotive Industry: Exports and Production (Units) Year Exports Total Production million 2.0 million million 2.1 million million 1.5 million million 2.2 million million 2.5 million % Change 15.3% 13.1% Source: Mexican Automotive Industry Association (AMIA) Source: Mexican Association of the Automotive Industry and Bloomberg 11

12 12 Production of Japanese OEM s Manufacturing in Mexico Year Honda Nissan Toyota Total* , ,288 32, , , ,447 49, , , ,414 42, , , ,494 54, , , ,087 49, , % Change % 19.9 % -8.6 % 14 % Source: Mexican Automotive Industry Association (AMIA)

13 Exports of Japanese Car Companies Manufacturing in Mexico Honda Nissan Toyota Total* , ,269 32, , , ,039 49, , , ,726 42, , , ,246 54, , , ,660 49, , % Change % 19.9 % -8.6 % 13.2 % Source: Mexican Automotive Industry Association (AMIA) Exports bound to: Nissan Honda Toyota North America 69 % 39 % 100 % Brazil and South America 21 % 61 % - Europe 3% - - Japan and Asia 3 % - - others 4 %

14 14 Autoparts Export Mexico is the main supplier of autoparts to the U.S. market Mexican Exports of Auto Parts to US (US Billions) Nov-11 Source: US DOC.

15 Mexico has a vast network of trade agreements FTAs with more than 40 countries which account for around 70% of world GDP, two-thirds of global imports and over a billion consumers. Canada United States Cuba 11 FTAs 43 countries 28 BITs 10 CEAs Iceland Ireland United Kingdom Norway Denmark Netherlands Sweden Finland Germany Liechtenstein Honduras Belgium Czech Rep. Nicaragua Luxembourg Austria Guatemala Costa Rica Portugal Switzerland El Salvador Colombia Peru Mercosur Spain Australia France Italy South Korea Greece Brazil Israel Japan Chile Uruguay Argentina

16 16 Industrial Policy Flexible regulations and the allocation of duty free import quotas for vehicles from outside the NAFTA region may increase under certain conditions. The latter scheme encourages manufacturers to invest in projects that develop Mexican suppliers and the purchase of components made locally. As a result, the production of Mexican part suppliers for Japanese automakers operating in Mexico is increasing. New automotive investment that focus on added value (engineering, product design, testing and R&D), are rewarded with incentives including job training assistance and tax credits.

17 17 Programs to support the Automotive Industry Automotive Decree.- Tariff preferences on imports of parts but also finished vehicles under a quota system to encourage producers to locate in Mexico. Fund to support Micro, Small and Medium Enterprise (Fondo PyME).- Fosters development and consolidation of Tier 2 and Tier 3 parts suppliers. Ministry of Economy/Promexico Fund.- Provides tax and grants as incentives to projects generating economic development. IMMEX,. Tariff ceiling of 0 to 5% on parts originating from countries with which Mexico does not have FTA s PROSEC,. Value Added Tax exemptions on imported parts

18 18 Industrial Policy Support instruments R & D Programs.- Focus on projects with high degree of innovation and technology development. Local Governments Support.- According to their own programs and laws (e.g. infrastructure, suppliers development, grants, capacity training, etc.) State Governments Incentives.- Could be the most important incentives, in monetary or in-kind value, that a new project could receive. Industry support led by OEM s and Local Governments.- Efforts mostly focused on suppliers development of local firms.

19 Mexico has specific programs to facilitate foreign trade: PROSEC PROSEC program allows imports of inputs under preferential tariff rates Benefits Establishes most tariffs between 0% and 5% for imported inputs and machinery, based on final goods producing firms; Gives certainty about tariff levels for the export sector; Promotes the attraction of local and regional suppliers by defining a list of equipment and supplies that may be imported into this scheme; Maintains the competitiveness of firms established in Mexico compared to companies located in the U.S. and Canada. Who can apply and other considerations Legal entities established in the country that manufacture goods and which has the registration PROSEC; Apply for temporary or permanent imports; It is not conditioned to export Must comply with non-tariff restrictions and regulations 19

20 Mexico has specific programs to facilitate foreign trade: IMMEX The IMMEX program aims to increase and promote exports and stimulate modernization of the country's productive infrastructure. Benefits Exemption from payment of Value Added Tax on imports (ad valorem tariff rate-igi) No need to pay the Value Added Tax (VAT) Doesn t pay compensation fees Reduces the customs processing fees No VAT on domestic purchases Some firms are getting some benefit of the program: Who can apply and other considerations Firms exporting $ 500,000 (USD) or 10% of sales Only for allowed import fractions To meet deadlines for permanency of the imported goods To keep track of inventory 20

21 Trade and Investment Networks Mexico expands its competitiveness on intl. trade Average Tariff on Imports (%) BRIC average 11.9 Industrial Goods Categories with Zero Import Tariff (% of all industrial goods categories) Ease of Trading Across Borders* (sample of 183 countries, 1 = best) US average 3.5 China Mexico India Brazil Russia *US and BRIC average tariff on imports as of 2008 *Measure on paperwork, time and cost to export and import Source: Ministry of Economy of Mexico, World Trade Organization and Doing Business World Bank. 21

22 Automotive sector Mexican-made automobiles accounts for 26% of the imported market of vehicles in the U.S. Major exporters of automotive (Participation in the total six first) Share of the US imports (Percentage) Change % % European Union Japan United States Korea Mexico Canada Other % 35% 30% 25% 20% 15% 10% 5% 0% México Mexico Canadá Canada Alemania Germany Japón Japan 26% 24% Source: OMC Source: US Census Bureau 22

23 Embassy Support to auto parts companies evaluating Mexico 1. Specific information on Mexico s automotive sector. 2. Site selection assistance, providing Japanese firms with State and City contacts to evaluate local conditions and competitiveness. 3. Assistance with detailed planning and the organization of firms visiting Mexico. 4. Follow up of projects and further Embassy involvement if needed. 5. Organization of informative seminars and B2B contacts are also supported by the Embassy. THANK YOU! Office of Mexico-Japan EPA Raul Urteaga Trani Tel: Esau Garza Tel

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