Why Mexico Is Speeding Past Brazil in Cars

It benefits from low labor costs and a rich neighbor
Workers build a Honda Fit vehicle on the production line after the opening ceremony for Honda’s new plant in Celaya, Mexico, on Feb. 21 Photograph by Susana Gonzalez/Bloomberg

Remember in the 1990s when some Cassandras feared the North American Free Trade Agreement would someday help Mexico eclipse car production of its higher-cost rivals north of the border? Two decades later, Mexico is making its move, but against another competitor: Brazil.

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