Mexico's president revs up car industry, wider economy

Mexico’s president revs up car industry, wider economy

MEXICO CITY — Mexico could begin opening some automotive factories from May 18 under a government plan unveiled on Wednesday that loosens coronavirus restrictions and paves the way for U.S. car giants to ramp up output dependent on parts made south of the border.

Under a roadmap presented at a regular government news conference, the mining and construction industries, as well as manufacturers of transport equipment, will from Monday be considered essential activities in a May 18-31 starting phase.

“We now have the light which tells us we’re going to get out of the tunnel,” President Andres Manuel Lopez Obrador told a reporters at the conference alongside top officials. For now though, Mexico was “still inside” the tunnel, he added.

The plan presented some apparent ambiguities and it was…

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