Daimler Trucks Mexico plays the long game

Ranked on a Purchasing Power Parity (PPP) basis, the IMF has Mexico as the world’s eleventh largest economy by GDP in 2016. This puts it two notches behind the UK and one place above Italy. It was – during 2015 – the world’s thirteenth largest oil exporter - pushing out US$18.8bn worth of oil onto the world markets at a time of historically low prices and, since the inception of the North American Free Trade Agreement (NAFTA) in 1994, Mexico’s industrial economy has surged, nowhere more so than in the automotive segment.