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Puerto Vallarta News NetworkNews Around the Republic of Mexico 

Ferrari: 'Mexico the Next China for Automotive World'

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June 11, 2013

Ferrari recently announced that they would be chasing greater exclusivity in the future - not greater production numbers. The company also revealed that they feel exclusivity in Mexico is at an all-time high

In the past few years, China has become an absolute meca for automotive manufacturers, but according to Ferrari, Mexico is rapidly shaping up to be the next China for the automotive world.

While speaking with Burgess Yachts CEO Jonathon Becket and Gotham Jets CEO Gianpaolo De Felice aboard a $40 million yacht, Ferrari North America CEO Marco Mattiacci said, "Mexico is the next China. We see many indicators that a lot of manufacturing is moving back to Mexico."

"The quality of education is absolutely outstanding, and you have a proximity with the US as well. Plus there has been a change of government," he said.

Despite Ferrari boss Luca di Montezemolo recently announcing that Ferrari would be chasing greater exclusivity in the future and not greater production numbers, Mattiacci revealed that exclusivity in Mexico is at an all-time high.

"When we launched the new La Ferrari we are positively surprised that sadly we now have on-hand a list of 15 billionaires who want to request that car," Mattiacci said. "I can tell you that in 2003 when we launched Enzo, Mexico was not having that kind of response. Thatís a big indicator."

Also, donít forget that with billionaires such as Carlos Slim expanding their wealth, Mexico will surely become home to even more billionaires in the coming years!