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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…
Kia unveils the 2020 Forte GT packed with turbocharged engine, sportier suspension
Today Kia Motors America (KMA) unveiled the 2020 Forte GT at the SEMA Show 2019 in Las Vegas, marking the…
Allgaier Group invests US$ 20 million in Aguascalientes to open its second plant in Mexico
Allgaier Group, a Germany-based manufacturer of automotive body parts structural components, recently inaugurated its second production facility in Mexico, this…
Bridgestone unveils US$ 100 million investment plan in Mexico for the next two years
Faced with an expectation of growth in vehicle production in Mexico and despite the decrease in auto sales in the…
Nuevo Puerto de Veracruz to take foreign trade to the next level
The project that could possibly become one of the most important ports, nationwide, is to commence operations in November of…
As demand for pickups soars, FCA reconsiders its plans for the Saltillo assembly facility
Fiat Chrysler Automobiles (FCA) is doing so well in the pickup segment with its revamped version of the Ram light…
