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years 35% will fall this year sales of passenger cars in Mexico: KPMG


in Mexico's auto industry expects this year a drop in sales of around 35 percent in passenger cars, referred the KPMG, which mentions that the recovery rate is extremely low because " 2013, Mexico still will not have achieved the sales figures that were taken in 2007. "

In his "Panorama of the automotive industry in the BRIC countries - Brazil, Russia, India and China, it is mentioned that these figures do not include import U.S. used cars and auto stocks in relation to population is much higher in Mexico than in any other country of which form the BRIC group, with the exception of Russia.

"This indicates a greater degree of saturation in Mexico and Russia compared with other BRIC countries. Russia has been the only country that make up the BRIC group has been adversely affected by economic crisis like Mexico, so one can assume that market saturation is directly related to declines in economic crisis "says the document.

In terms of market potential Mexico is small compared with countries that form the BRIC group, especially if one takes into account the size of its population in relation to those countries.

therefore referred to KPMG, the best opportunity for Mexico in the future depends not on the local market but to have greater participation in the U.S. market.

"The proximity to the U.S. market and cheap labor are still the main competitive advantages that Mexico has on the BRIC countries," said Albrecht Ysenburg, audit partner and leader of KPMG's automotive industry in Mexico.

The study indicates that for the global automotive industry, 2009 has undoubtedly been the toughest year in its history. Due to financial and economic crisis in the world, which has beaten both credit availability and consumer confidence is expected to drop in sales of passenger vehicles worldwide.

"Worldwide sales are forecast to passenger cars will fall by about 17 percent in 2009 as a result of a sharper collapse in demand in the U.S., Europe and Japan. The reduction in these markets, however, be offset by continued strong growth in China, "the document refers.

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Will 2010 be a year of recovery: Lamb

2010 will be economic recovery, where the economy will grow at three percent, said Social Development Secretary, Ernesto Cordero, and said that Mexicans suffered attacks this year led Mexico to a complicated situation reflected in the increasing number of poor families in the country.

Sedesol The owner went to the Senate at the opening of the exhibition 100 X 100 artisans with work supported by the National Fund for Handicraft Development (Fonart). The federal official said the government of Felipe Calderón has spared no efforts to combat poverty "and we have shown," and said progress was made in the coverage of education, health, basic social infrastructure have been built and dignified housing, and there are about 10 million families affiliated to Seguro Popular.

Ernesto Cordero admitted that in the second half of 2009 there was a drop of almost 10 percent in Gross Domestic Product (GDP), and asserted that the federal government cotracíclicas policies prevented further loss of jobs.

asserted that 2010 will be a year of economic recovery, "all the experts say the Mexican economy will grow 3 percent, which is good, it will take everything possible for us to grow a little more and it is important that this growth, this recovery will also begin to feel poorer families. The holder of SEDESOL announced that the pilot program to expand opportunities in 2010 to areas urban areas is already underway. Applies and in places like Ecatepec, Ciudad Juárez, Puebla, Tijuana.

"What we do is start with tables of care, housing start to see housing in urban areas where the largest number of Mexicans in poverty to join the program next year, "explained Ernesto Cordero.

He announced that next year will seek Opportunities to expand the program to urban areas of the country, which will benefit 6 million 500 thousand families in total.

recognized that Mexico was the country most affected by the economic crisis because of its proximity and close business relationship with United States, where it began.

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strong relationship between Mexico and U.S. falls Weight

By sharing information, technology, equipment and training the United States and Mexico have reached an unprecedented degree of cooperation in the fight against drug trafficking, reported yesterday by The Washington Post.

The recognition of both parties that there is a shared responsibility in the fight
Drug trafficking is a major historical change, "said Deputy Chief of Mission at the U.S. Embassy in Mexico, John Feeley, was quoted as saying.

The new relationship is based on the Merida Initiative, which includes assistance, 400 million dollars for the fight against drug trafficking in Mexico, said the newspaper.

The agreement provides support for three years the delivery of Black Hawk helicopters, night vision goggles and gamma ray scanners to search for guns and cash at the border, and regular exchange of information in real time.

The agreement was accepted by the U.S. Congress and activated by President George Bush on June 30, 2008.

Mexican President Felipe Calderon got the U.S. government finally acknowledged that illegal drug consumption in the U.S. is a shared problem, which requires a shared solution.

Among the U.S. institutions involved are
found the State Department and the Department of Justice, the National Security Council, Pentagon, Central Intelligence Agency (CIA), FBI and Drug Enforcement Administration. And from Mexico: the Congress, the Ministry of National Defense, the Army of Mexico, the Ministry of Public Security the Attorney General's Office and the Center for Investigation and National Security (CISEN).

Other signs

The publication cited the official incorporation of Mexicans in the U.S. Northern Command in Colorado Springs, and an interagency working group in Key West, Florida.

The working group responsible for military satellites and maritime surveillance in the Caribbean and eastern Pacific, provides information to the Mexican Navy and Air Force to intercept drugs north, the newspaper said.

The Post also highlighted the exchange of information databases of U.S. Platform Mexico, which accounts for the country's criminal information, such as the tracing of firearms used in crimes, which is being translated into English.

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uncertainty qualifiers

The peso depreciated 0.52% on Wednesday in a market waiting for a change in the note of Mexico's sovereign debt and announcements of U.S. Federal Reserve at the end of their monthly meeting.

A reference level at 48 hours, the local currency slipped to 13.3256/13.3276 6.86centavos pesos per dollar.

The market is awaiting news of a possible downgrade of the sovereign debt note Mexico after the passage of the tax package for 2010, on which analysts have said may not be sufficient to avoid a downgrade.

"The Mexican currency is the one with the worst performer among emerging market currencies (...) in the fiscal package is still see the decision of the rating and I think that is something that we do is affecting" said a local exchange carrier.

The package approved by Congress this weekend is a diminished version of the tax reform proposed by President Felipe Calderón, which included tax increases but, according to experts, would insufficient to strengthen public finances and reduce dependence on oil revenues.

Standard & Poor's and Fitch Ratings said Monday they expect to know the government's final budget for 2010 before making changes to the rating of the country.

"Until something concrete is approved we will continue to stagnate (...) if it had a bad comment ratings on Mexico that would be scary" said Alejandro Rocha, Bansi bank operator.

The Mexican currency gave back to the strong appreciation of their peers emerging against a weakening dollar, and the advancement of stock markets.

addition, the Fed will announce later the findings of its monthly meeting, and although the markets expect the entity to leave its interest rates unchanged, is expected to provide clues about the state of the world's largest economy and its monetary policy next moves