Transmission: Mexico- the land of opportunity…for auto industry

Tuesday is here, so is Transmission. Here’s what’s cookin’ today:

  • The rise of reshoring points to the rise of nearshoring
  • Used auto sales down, values up
  • Industry News

The rise of reshoring points to the rise of nearshoring 

Reshoring has been in a slump the past decade, but 2020 saw it increase by more than 45%. FDI Markets found that in 2020, reshoring accounted for more job growth than foreign direct investment (FDI), with 69,000 manufacturing jobs reshored compared to 42,000 roles created...

https://www.freightwaves.com/news/transmission-mexico-the-land-of-opportunity-for-auto-industry

Transmission: Incumbent OEMs cutting Tesla’s lead

OEMs may not be that far behind Tesla

Whenever I think about electric vehicles, I can’t help but immediately think of Tesla. The company revolutionized the EV game. Tesla is always looking for new ways to innovate the industry from introducing battery improvements (thanks to heavy investment in R&D) to sustainability woven intricately within its supply chain. It’s the reason the company is so far ahead of competition and why OEMs are working hard to catch up. However,  people often forget one...

https://s29755.pcdn.co/news/transmission-incumbent-oems-cutting-teslas-lead

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