Editing Economy of Mexico (section)

====Automobiles====
{{Further|Automotive industry in Mexico}}
[[File:Mastretta-MXT-lg.jpg|thumb|left|250px|[[Mastretta]]-MXT-lg a lightweight and agile two-seat sports car, notable for its sleek design and performance capabilities.]]
The automotive sector accounts for 17.6% of Mexico's manufacturing sector. [[General Motors]], [[Chrysler]], [[Ford Motor Company]], [[Nissan]], [[Fiat Chrysler Automobiles|Fiat]], [[Renault]], [[Honda]], [[Toyota]], and [[Volkswagen]] produce 2.8 million vehicles annually at 20 plants across the country, mostly in [[Puebla, Puebla|Puebla]].<ref name="AutosMexico">{{cite news|title=Mexico Automotive Industry|url=http://export.gov/mexico/leadingindustrysectors/eg_mx_042754.asp|date=August 27, 2014|access-date=August 28, 2014|publisher=export.gov|archive-date=October 16, 2015|archive-url=https://web.archive.org/web/20151016010845/http://export.gov/mexico/leadingindustrysectors/eg_mx_042754.asp|url-status=dead}}</ref> Mexico manufactures more automobiles of 
any North American nation.<ref>{{cite web |url=http://www.upi.com/Business_News/2008/12/11/Mexico_tops_US_Canadian_car_makers/UPI-17741229011704/ |title=Mexico tops U.S., Canadian car makers |publisher=Upi.com |date=December 11, 2008 |access-date=May 30, 2010 |archive-date=August 31, 2019 |archive-url=https://web.archive.org/web/20190831183233/https://www.upi.com/Business_News/2008/12/11/Mexico_tops_US_Canadian_car_makers/UPI-17741229011704/ |url-status=live }}</ref> The industry produces technologically complex components and engages in research and development.<ref name="Gereffi"/>

The "Big Three" ([[General Motors]], [[Ford Motor Company|Ford]] and [[Chrysler]]) have been operating in Mexico since the 1930s, while [[Volkswagen]] and [[Nissan]] built their plants in the 1960s.<ref name="Hufbauer Auto"/> In Puebla 70 industrial part-makers cluster around Volkswagen.<ref name="Gereffi"/> In the 2010s expansion of the sector was surging. In 2014 more than $10 billion in investment was committed in the first few months of the year. [[Kia Motors]] in August 2014 announced plans for a $1 billion factory in [[Nuevo León]]. At the time [[Mercedes-Benz]] and [[Nissan]] were already building a $1.4 billion plant near Aguascalientes, while [[BMW]] was planning a $1-billion assembly plant in [[San Luis Potosí]]. Additionally, [[Audi]] began building a $1.3 billion factory at [[San José Chiapa]] near Puebla in 2013.<ref name="KiaMexico">{{cite news|title=Automaker Kia plans $1 bn assembly plant in Mexico|url=http://www.mexiconews.net/index.php/sid/225153337|date=August 28, 2014|access-date=August 28, 2014|publisher=Mexico News.Net|archive-date=September 3, 2014|archive-url=https://web.archive.org/web/20140903092239/http://www.mexiconews.net/index.php/sid/225153337|url-status=dead}}</ref>