(Bloomberg) -- Mexico's auto production dropped the most on an annual basis since 2014 as the global microchip shortage continued to weigh on the automotive industry.
In December, auto production fell 16.5% from a month earlier to 212,272 vehicles versus 254,251 in December 2020, according to the national statistics agency. Exports dropped 17.3% to 227,465 autos through the same period.
The worst-hit automaker was Audi which saw a 74% drop in production. General Motors Co. and Daimler AG's Mercedes Benz both posted a 46% drop in output.
©2022 Bloomberg L.P.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
