Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

General Motors has reopened two of its plants in Mexico after the COVID-19 pandemic forced them shut for two months.


The facilities in Ramos Arizpe and Silao could be followed by more GM plant reopenings in the country, including in Toluca and San Luis Potosí.


GM halted operations at four of its Mexican facilities on March 20 because of the pandemic, and four days later seven other automakers followed suit.


Mexico’s automotive, mining and construction industries have permission to restart production before June 1, provided they comply with health and safety protocols.


Car sales in Mexico declined by 64.5pc to 34,903 units in April because the pandemic cleaved demand. Auto sales in April 2019, on the other hand, reached 98,346 units, according to the National Statistics Agency, which added that this year’s sales volume is the lowest recorded since 1995.


GM car sales dropped by 64.6pc to 5,716 in April from 16,148 during the same month last year, according to figures from Mexico’s automotive association.


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