The current volatility in global markets and the uncertainty surrounding the US economy may delay AHMSA’s investment projects for the automotive sector by up to 12 months, a company executive said this week.
Luis Zamudio, director general at AHMSA, said the company might also delay hiring an additional 3,000 workers.
Despite the uncertainty surrounding US president Donald Trump, who promised to impose a 20 percent duty on Mexican imports, Zamudio said he’s confident in the company and expects a stable future for the steelmaker.