Auto exports by manufacturers in Mexico jumped 31% in March to their highest level on record. That raises the risk of increased inventories in the U.S. – the largest destination market – after weak sales were reported for the month. The record echoes that seen by producers in Brazil. Fiat-Chrysler’s growth was quickest at 69%, and may accelerate further as output of the Jeep Compass ramps-up. A 38% rise in exports by General Motors and 4% from Ford may attract negative political attention as they send 98% and 99% of their Mexican exports to the U.S. That comes as NAFTA renegotiations, in...
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