Mexican auto industry expected to "gradually resume" in May, Ternium says

Latin American steel group Ternium expects the Mexican automotive industry to "gradually" restart operations in May, chief executive officer M??ximo Vedoya said on Wednesday April 29.

Automakers in Mexico have stopped operations since late March because of the spread of Covid-19.
"The automotive industry's value chain in US and Mexico is highly integrated and it demands synchronized production in both sides of the border, so reopening operations is important to both countries," Vedoya said.

Most companies supplying auto parts producers have been announcing a restart of operations between the first and second weeks of May, according...

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