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Article: PACCAR EXPORTS TRUCKS - FROM ITS BAJA CALIFORNIA PLANT.(Business)
- Article from:
- Seattle Post-Intelligencer
- Article date:
- May 27, 1996
- Author:
CopyrightCOPYRIGHT 1996 Seattle Post-Intelligencer. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Mexico expects to recover from the peso crisis of 18 months ago much faster than its last currency crisis, in 1982. The reason, the government says: foreign trade. And it involves companies such as Paccar Inc.
The Seattle-area company has had a truck plant in Mexicali, Baja California, for 37 years. It built the plant because Mexico had high tariff walls that kept U.S.-built trucks out. Like most other Mexican manufacturers, Paccar's Mexican unit, Vilpac S.A., produced only for Mexico's market.
Last year, that market came to a stop. From 5,000 trucks produced in 1991, output in 1995 plunged to just 239. For more than half the year, the plant was shut.
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