Continental shifts brake manufacturing as USMCA opportunity beckons

Cons. Discr. - Autos 1057 Mexico 803 USMCA 443

Auto components maker Continental will spend 60 million euros ($72 million) to expand its Mexican brake manufacturing operations. The plant may help automakers meet their USMCA rules of origin requirements. Mexican exports linked to Continental were still well below their pre-pandemic levels in January with a 30.3% year over year drop. That may reflect delays from buyers who are also contending with a shortage of semiconductors in their supply chains. Exports of brakes by Continental fell by 23.2% in January. Other exporters did better with total Mexican brake exports inching 0.5% higher...

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