Mexico to Surpass Japan as No. 2 Car Exporter to U.S.

mexicocarexportMexico is on track to overtake Japan and Canada and become the United States’ No. 1 source of imported cars by the end of next year, part of a national manufacturing boom that has turned the auto industry into a bigger source of dollars than money sent home by migrants.

The multibillion-dollar wave of new factories is raising hopes that the North American Free Trade Agreement is fulfilling its promise of fueling growth and diminishing poverty south of the border, and it has turned a handful of central Mexican cities into bright spots of prosperity…

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