UPDATE 1-Mexico auto output, exports show recovery in Oct - News

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UPDATE 1-Mexico auto output, exports show recovery in Oct

By: AFX | 10 Nov 2009 | 10:52 AM ET

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MEXICO CITY, Nov 10 (Reuters) - Mexican auto production posted its fourth month-on-month increase in a row in October as the sector bounces back from a deep slump. The Mexican Automotive Industry Association, or AMIA, said automakers produced 184,769 vehicles in October, up 26 percent from September and the highest level since late last year. Production was still down 13.9 percent year-over-year. Mexico is a major car producer. It sends the large majority of its exports to the United States, where auto sales have taken a hit due to a recession. Mexican auto exports of 145,711 units were also up in October compared to the previous month and were at their highest level since late last year. Year-on-year, exports were down 13 percent. (Reporting by Jason Lange, editing by W Simon ) Keywords: MEXICO ECONOMY/ (jason.lange@thomsonreuters.com; Tel: +52 55 5282 7151; Reuters Messaging: jason.lange.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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