Nemak, with a new strategy toward 2025

Nemak will re-orient its growth strategy for 2025, said Armando Tamez Martinez, General Director of the Company. This is due to changes in the automotive industry dynamics worldwide, a greater demand for hybrid and electric vehicles, while reducing their weight. He also informed that there are now several contracts signed to supply BMW and Daimler Chrysler with various pieces and structural components. Regarding the topic of the increase in gasoline prices in Mexico, Mr. Tamez Martinez said that it is still too soon to define the impact it could have on the Company, in the face of possibilities for increased demand for electric or hybrid cars.

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