Volkswagen Sets Production Record at Mexican Assembly Plant

The Mexican unit of auto maker Volkswagen AG has set a production record at its central Mexico plant, surpassing 2011’s full-year record with more than two months of 2012 remaining.

Volkswagen de Mexico in a press release Monday said it has built 510,235 vehicles so far this year, and now expects to end 2012 with 600,000.

The German auto maker’s current full-year production record at its assembly plant in Puebla is 510,014 vehicles.

Mexico’s auto industry as a whole is aiming for record output this year, from manufacturers including Ford Motor Co., General Motors Co. Nissan Motor Co. and Daimler-Chrysler.

Resilient U.S. demand despite a sluggish economy, diversification of exports–particularly to South America–and a recovery in domestic new car sales have contributed to solid performance in the country’s principal manufacturing industry.

Production of cars and light trucks in the first nine months of the year was 2.16 million, with exports totaling 1.76 million. Industry officials estimate full-year exports will reach 2.35 million.

Source: EuroInvestor

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