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Volvo Buses to increase coaches exports from Mexico to the US
Volvo Buses plans to increase exports to the United States by 33% of the coaches it produces at its plant…
Rassini launches tender offer aiming to delist from Mexican stock market
Mexican manufacturer of suspension and brake systems Rassini announced that a Special-Purpose Vehicle (SPV) created by a group of investors…
Continental to build US$ 60-million plant in Aguascalientes for electronic components
German Tier 1 automotive supplier Continental AG yesterday unveiled plans to build a manufacturing plant in Aguascalientes, central Mexico, dedicated…
Smart exits Mexican market for a while to return as a full-electric brand
Daimler’s micro urban cars subsidiary Smart, announced that it will cease operations in Mexico for a while to change its…
Mexico won’t sign USMCA unless US removes steel tariffs, says trade official
Mexico won’t sign the new free trade agreement between the United States, Mexico and Canada (USMCA) unless the U.S. removes…
FCA earnings decline despite record profit margins in North America
Fiat Chrysler Automobiles (FCA) posted third-quarter earnings of US$ 640 million (564 million euros), 41% down from nearly US$ 1.1…
Rever becomes the first Mexican startup to obtain investment from capital fund Sequoia Capital
Rever, the online platform that allows manufacturing companies to involve employees in executing processes of continuous improvement and culture of…
Agroindustries of Aguascalientes and Uruguay join forces
Aguascalientes and Uruguay share experiences in the dairy sector. After a meeting with Governor MartĂn Orozco Sandoval, Uruguay’s ambassador in…
Cargo handling by Mexican airlines grow at double-digit rate
Mexican airlines reported double-digit growth in air cargo handling during the January-August 2018 period, according to official data. In the…
GE plans to invest in the electrical and aeronautical industries
General Electric (GE) will leave the business of oil, medical equipment and machinery for locomotives, to focus on the aviation…
Johnson Controls nears deal to sell its battery division, which operates seven facilities in Mexico
– Update: Johnson Controls closes sale of its Power Solutions business; including seven facilities in Mexico – Johnson Controls International is…
Mexican GDP grows 2.7% in the third quarter, its best rate in more than one year
Tertiary activities propelled the Mexican economy during the third quarter of this year. The Gross Domestic Product (GDP) grew 2.7%…
Ford posts solid Q3 profits as light truck sales offset decline in car deliveries
Ford also reported quarterly earnings and revenue that beat analysts’ expectations. Strong sales of trucks in North America helped offset…
Strong demand of new pickups lineup boosts GM profits higher than expected
General Motors Co. today posted a third-quarter net income of US$ 2.5 billion boosted by stronger-than-expected results in China and…
Continental acquires antennas manufacturer Kathrein Automotive, including a plant in Tlaxcala
German manufacturer Continental announced it has reached an agreement to acquire Kathrein Automotive GmbH, a subsidiary of Kathrein SE and…
