Home Peso's Tumble Makes Winners Out of Mexican Auto Parts Suppliers
 

Keywords :   


Peso's Tumble Makes Winners Out of Mexican Auto Parts Suppliers

2016-01-12 20:37:11| Auto Parts - Topix.net

Mexican car parts makers are emerging as the winners from the weakest peso since at least 1993, with a boost from dollar-based contracts and record U.S. auto sales. The peso's 18 percent decline against the dollar in the past year will help fuel profit at Rassini SAB because most of its sales are in greenbacks while a significant share of costs are denominated in pesos, according to Corporativo GBM SAB.

Tags: auto makes parts suppliers

Category:Automotive

Latest from this category

All news

»
24.11Portrait.Of.Pirates ver2.5
24.11Switch
24.11 / TIN
24.11duranduranALMGHTY 26.5cm
24.11straykids skzoo
24.11 4
24.11 TrioTryiT Figure21
24.11
More »