GM has just officially published the annual report of its Mexican operations, announcing that it was once again the number one automaker in Mexico for the 2023 calendar year.
GM’s local subsidiary consolidated itself as the number one automobile manufacturer in Mexico at the end of 2023, leading the Mexican automotive industry in key aspects such as production, export and purchases from suppliers, among others. This makes the company the main reference in the sector and reinforces the strategic importance of the American giant’s operations in the Latin country.
“We are proud to have concluded 2023 with important achievements for our company and to contribute to the growth of the industry in Mexico. Without a doubt, it is the result of the performance of all of us who collaborate at GM,” said President and CEO of GM Mexico, Francisco Garza. “This year, we remain committed to our customers to deliver the best electric and internal combustion vehicles and provide them with the best service,” he added.
Specifically, GM once again led the industry as the first vehicle producer in Mexico with a total of 722,631 units manufactured in the country during 2023. Although this figure represents a slight decrease of 2.8 percent compared to the 743,000 vehicles that it manufactured in 2022, the automaker managed to easily surpass other companies and minimize the impact of the end of manufacturing of the Chevy Onix in that country.
GM Mexico continued to be the number one vehicle exporter in the Latin country with a total of 721,886 units. In contrast to the production figure, exports grew with 26,886 additional vehicles from the 695,000 units that the automaker sent abroad during calendar year 2022. The models manufactured at the Ramos Arizpe, Silao and San Luis Potosí plants are exported to various countries, but mainly to the United States and Canada.
In addition, GM was also the number one employer in Mexico’s local industry with more than 25,000 direct employees at the end of 2023, and reaffirmed its place as the main buyer from suppliers of local materials and services, with an amount of 28 billion dollars, purchased from more than 620 Mexican suppliers. All of this confirms the strategic role that GM’s Mexican operations play in the company’s global business.