/ Monday, August 1, 2022Diego Aguilar |The Sun of MexicoThe auto parts sector during the period January - May 2022 grew 8.43 percent compared to the same period of the previous year, reported the National Auto Parts Industry (INA).In a statement, the institution indicated that in said period a production value of 43 thousand 60 million dollars (mdd) was generated.You can read: Mexican economy would fall into recession in 2023, estimates Moody's"For the end of 2022, a growth of 8.5 percent is forecast in the production value of auto parts compared to 2021," the INA indicated in its document.He added that the aforementioned increase means reaching 102 thousand 816 million dollars.Similarly, he pointed out that during the period January - May 2022, exports increased by 8.55 percent compared to the same period of the previous year, reaching 35 thousand 428 million dollars."The North American region stands out with a 92.7 percent share of total exports," he reported.Chinese auto parts are up to 50 percent more expensive.The prices of spare parts of Chinese and Asian origin for light vehicles show increases of up to 50 percent due to logistical problems due to the rebound of the Covid-19 epidemic, said the general director of the National Auto Parts Industry (INA), Alberto Bustamante, in an interview with El Sol de México.Finance Volkswagen and union in Puebla reach salary increase agreementHe commented that in the port of Long Beach, in California, United States, there is a lack of personnel to release, sanitize and distribute the merchandise.The market has not received enough spare parts, so the availability is low and the price is high.“It is necessary to differentiate that the spare parts imported from Asia and China are the ones that show an increase;the original Mexican spare parts do not”, Bustamente clarified.Chinese auto parts are typically sold at retail auto parts stores, but are also used by automakers across the country.According to the industrial association, between January and April 2022, the most imported auto parts and spare parts were: stamped parts and accessories for bodies, components for gearboxes, components for audio and video devices, internal combustion engines, components for harnesses, brake components, differential components, air bag components, steering components and seat components.The value of imports in that period was 19 thousand 359 million dollars.A quarter came from China, South Korea or Japan and just over half from the United States;the rest from Germany and Canada.Due to the war between Russia and Ukraine, some materials have increased their costs, but others have lost value, so "the balance is balanced" and ends up not affecting the price of spare parts."The war in Europe is not a factor," said Alberto Bustamante.➡️ Subscribe to our Newsletter and receive the most relevant notes in your emailINA statistics indicate that materials such as lithium and nickel cost up to 20 percent more than a year ago, while prices for palladium, lead and aluminum fell.The auto parts sector during the period January - May 2022 grew 8.43 percent compared to the same period of the previous year, reported the National Auto Parts Industry (INA).In a statement, the institution indicated that in said period a production value of 43 thousand 60 million dollars (mdd) was generated.You can read: Mexican economy would fall into recession in 2023, estimates Moody's"For the end of 2022, a growth of 8.5 percent is forecast in the production value of auto parts compared to 2021," the INA indicated in its document.He added that the aforementioned increase means reaching 102 thousand 816 million dollars.Similarly, he pointed out that during the period January - May 2022, exports increased by 8.55 percent compared to the same period of the previous year, reaching 35 thousand 428 million dollars."The North American region stands out with a 92.7 percent share of total exports," he reported.Chinese auto parts are up to 50 percent more expensive.The prices of spare parts of Chinese and Asian origin for light vehicles show increases of up to 50 percent due to logistical problems due to the rebound of the Covid-19 epidemic, said the general director of the National Auto Parts Industry (INA), Alberto Bustamante, in an interview with El Sol de México.Finance Volkswagen and union in Puebla reach salary increase agreementHe commented that in the port of Long Beach, in California, United States, there is a lack of personnel to release, sanitize and distribute the merchandise.The market has not received enough spare parts, so the availability is low and the price is high.“It is necessary to differentiate that the spare parts imported from Asia and China are the ones that show an increase;the original Mexican spare parts do not”, Bustamente clarified.Chinese auto parts are typically sold at retail auto parts stores, but are also used by automakers across the country.According to the industrial association, between January and April 2022, the most imported auto parts and spare parts were: stamped parts and accessories for bodies, components for gearboxes, components for audio and video devices, internal combustion engines, components for harnesses, brake components, differential components, air bag components, steering components and seat components.The value of imports in that period was 19 thousand 359 million dollars.A quarter came from China, South Korea or Japan and just over half from the United States;the rest from Germany and Canada.Due to the war between Russia and Ukraine, some materials have increased their costs, but others have lost value, so "the balance is balanced" and ends up not affecting the price of spare parts."The war in Europe is not a factor," said Alberto Bustamante.➡️ Subscribe to our Newsletter and receive the most relevant notes in your emailINA statistics indicate that materials such as lithium and nickel cost up to 20 percent more than a year ago, while prices for palladium, lead and aluminum fell.He warns that they will investigate and sanction improper practices;they will repeat elections in five districts and could add moreThe line was long but flowing;however, the traffic in the area of ​​the Junta de Caminos was complicatedThey ask the institute to restore validity of children's stays;More than 150 minors could no longer enter educational centers this MondayThe economic situation is restricting donations;ask citizens for supportThe contracts were divided into four items to companies that also billed for the same service in the previous six-year termPenguin Random House plans to acquire rival Simon & Schuster for $2.2 billionThe remuneration will be 1,830 dollars to "avoid financial difficulties" for workersThe tortilla guild of the State of Mexico assures that the situation is unsustainable;5 percent of almost 60 thousand tortilla shops are at risk of closureThe Banorte Financial Group, the Inbursa Financial Group of the tycoon Carlos Slim, and the Mifel Financial Group of the mining tycoon Germán Larrea continue to bid