Canada’s Windsor Star newspaper is reporting that Mexico is winning in the battle to produce more luxury cars than its counterpart in Canada.
According to the Windsor Star, Canada’s auto industry specializes in the production of minivans, muscle cars, crossover utility vehicles and pricey nameplates, like Lexus and Lincoln. Manufacturers bet on profits being made from the value-added extras that come with these mid-and-full-sized vehicles. Apparently, this investment has not been as profitable as hoped.
Autoworkers in Mexico earn about a tenth of the hourly wages of their Canadian counterparts and it appears Mexico still wins in this competition. Read more at: http://blogs.windsorstar.com/business/mexico-beating-canada-for-luxury-auto-production-the-game-has-changed