Mexico's automotive sector is experiencing a significant boost as Hyundai Motor Group announces a major shift in its global supply chain strategy. In a surprise move, the South Korean conglomerate has opted to bypass the strategic Strait of Hormuz, a critical waterway in the Middle East that has been a key route for international shipping. Instead, Hyundai is redirecting its shipments through the Panama Canal, a decision that will have far-reaching implications for the global trade landscape. Meanwhile, in Mexico, the country's auto industry is setting new records, with the nation's factories producing a record number of vehicles and electric vehicles (EVs) in recent months.
Hyundai Skips Hormuz; Mexico Sets Output, EV Records Mexico Business News
