Mexican Cars Manufacturing Demand

The auto industry in Mexico fell by 41% during the first quarter of 2009 compared to the first quarter of 2008. This is a result of a drop in demand by its biggest buyer, The United States, of 40% and a drop in demand inside Mexico of 26%. This is Mexico's biggest manufacturing industry so how has this decrease in demand affect the country and everyone living in it. If we think the United States has had a lot of layoffs that is nothing compared to Mexico. Mexico has grown to depend too much on the United States and this is very evident especially right now. If something happens to the United States, Mexico is automatically affected even more. This drop in demand, of course, has hurt the Mexican economy but Mexico needs to create an economy that can work with the United States but not depend on it.

LINK: http://www.businessweek.com/ap/financialnews/D97IFTDO1.htm