🚗 Mexico's automotive sector is hitting the brakes hard: investment in car and truck production plunged more than 40% this year compared with last. What was once a global investment hotspot is now facing fresh concerns about its industrial future – yikes! 😬
Analysts worry this downturn could ripple through global supply chains and even push up prices for budget-friendly rides in markets from India to Indonesia. For young car lovers and early professionals on the move, this slowdown might mean fewer wallet-friendly options and longer wait times. Stay tuned as Mexico City-based correspondent Alasdair Baverstock digs deeper into what's next for this key industry hub.
Reference(s):
cgtn.com
