The resilience of the Mexican automotive industry to Covid-19
Abstract
COVID-19 has had a swift and deep impact on almost all economic sectors, with its effects on the automotive industry standing out in Mexico due to its economic relevance and international ties. Using official statistics and newspaper sources, this investigation shows the resilience of the Mexican automotive industry; its nearly complete halt in production and exports contrasts with a limited destruction of jobs, as they are mainly made up of formal jobs in large companies. But the recovery comes at a price, lower wages and different speeds of recovery, with the Bajio as the most affected region. Similarities with the 2008-09 crisis are clear (fast reestablishment of production and export vs. slower reinstatement of employment) and its solution will also depend on the external sector, mainly the United States.
Downloads
Article download
Crossmark
License
In order to support the global exchange of knowledge, the journal Anales de Geografía de la Universidad Complutense is allowing unrestricted access to its content as from its publication in this electronic edition, and as such it is an open-access journal. The originals published in this journal are the property of the Complutense University of Madrid and any reproduction thereof in full or in part must cite the source. All content is distributed under a Creative Commons Attribution 4.0 use and distribution licence (CC BY 4.0). This circumstance must be expressly stated in these terms where necessary. You can view the summary and the complete legal text of the licence.
