Now attention is switching to former President of Mexico Peña Nieto.
With Facebook, Intel, Cisco, Sprint, Amazon, Nvidia, LG, Sony, Rakuten, Ericsson, Nokia, etc. out, the gig was up. Other big conferences in trouble too. Tourism industry is reeling.
“We regard liquidity mismatches as a major structural flaw.”
81% of the vehicles are exported; they can be built anywhere. Honda is leaving. Nissan may be too. Vauxhall may be shuttered. Jaguar Land Rover offshored some production. But EV production soared.
President AMLO put it this way: “There may be no growth but there’s development and well-being, which are different.”
Many people report similar nightmares trying and failing to get their packages out of Spanish customs.
Shares plunged 20% on the spot, and are down 44% in nine months.
Brick & Mortar melts down on mall owners. So “repurpose” malls into housing?
GM shifts even more production to Mexico (even as its US sales fall). But Ford’s imports from Mexico plunge. FCA’s, Audi’s, Nissan’s down too.
Amid a slew of problems.