Mexico Opportunity

• Largest car industry in the Americas outside of the US

• All major OEMs present – and most Tier 1 And 2 suppliers.

• Low cost – labour rates c10% of UK and US rates

• Well trained labour / non-unionised

• 60%+ of vehicles exported

• Spare capacity

• $ procurement cost to hedge sales in the US

• Large market in own right – 100,000+ taxis in Mexico City alone!