Mexico to trump Japan as No. 2 car exporter to US

Mexico to trump Japan as No. 2 car exporter to US

CELAYA, Mexico (AP) — Mexico is on track to replace the Asian automotive giant, Japan, as the second-largest exporter of cars to the United States by the end of the year. An $800 million Honda plant opening today in the central state of Guanajuato will produce about 200,000 Fit hatchbacks a year, helping push total Mexican car exports to the U.S. to 1.7 million in 2014, roughly 200,000 more than Japan, consulting firm IHS Automotive says. And, with another big plant starting next week, Mexico is expected to surpass Canada for the top spot by the end of 2015.