Nemak supplies auto parts to every major vehicle manufacturer operating plants in Mexico, including General Motors, Ford, Toyota, Stellantis and Nissan. The post Mexican auto parts manufacturer Nemak analyzing moving production to US appeared first on Mexico News Daily
Nemak, a prominent Mexican auto parts manufacturer, is evaluating the relocation of some production facilities to the United States in response to potential 25% tariffs on auto exports. As a leading supplier with 37 factories across 14 countries, Nemak is considering this move to mitigate the impact of tariffs on their clients, despite the higher operational costs in the U.S. CEO Armando Tamez is exploring all strategic options. The company's recent financial performance shows a 6% Q4 revenue increase but a 1.7% annual dip in 2024. Nemak has paused new projects in Mexico and Germany, focusing instead on strategic realignment, including e-mobility initiatives.
