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Report: Mexico-made cars unable to comply with new rules of origin would pay 2.5% tariff
Mexican negotiators have agreed that vehicles assembled at existing plants that do not meet new rule-of-origin percentages and wage requirements…
US, Mexico ‘hours away’ of new deal on automotive trade
U.S. and Mexican officials are “hours away” of reaching a bilateral agreement on pending issues concerning the renegotiation of NAFTA,…
US softens demand for a NAFTA ‘sunset clause’, says Mexican official
The Trump administration has softened its position on a “sunset clause” that would force a renegotiation of the North America…
Aluminum products manufacturer shifts production from Kentucky to Juarez, Mexico
Werner Co., a manufacturer of ladders, tool boxes and other aluminum products, will shutter its plant in Jeffersontown, Kentucky by…
Macquarie fund acquires 90% stake in 322 MW solar power portfolio in Northern Mexico
Macquarie Infrastructure and Real Assets (MIRA), a division of Macquarie Group, announced that one of the funds it manages has…
CEPAL reduces its economic growth forecast for Mexico to 2.2%
The Comision Economica para America Latina y el Caribe (CEPAL) adjusted its forecast of economic growth for Mexico in 2018…
Joseph Saoud to oversee Bridgestone Latin America Tire Operations
Bridgestone Americas, Inc. recently announced that Joseph Saoud, former president of Truck, Bus and Renewed Radial Tires of Bridgestone in…
Volaris estimates continuous growth for 2018
During the first half of 2018, Volaris accumulated a cargo traffic of 9,608 tons, which meant a 35% increase compared…
AT&T provides connectivity for the all-new KIA Forte in Mexico
AT&T announced that it will venture into the connected car industry in Mexico in partnership with Kia Motors. Through the…
Automotive mergers and acquisitions up 29%, on pace for a record year
Deal value of mergers and acquisitions in the automotive industry around the world increased 29% to US$40 billion during the…
Mexican manufacturer Xignux acquires 290,000 sq ft plant in Illinois; will add 100 jobs
Mexican manufacturer Xignux revealed it has completed the acquisition of American Bare Conductor, an electric wire producer whose 290,000-square-foot production…
First units of the all-new GMC Sierra Denali arrive to US dealerships
General Motors announced that first units of the all-new 2019 GMC Sierra Denali just started to roll into showrooms across…
European, Asian automakers voice against new NAFTA automotive rules
A group of foreign automakers with plants in the U.S. voiced their concern regarding a request by the Trump administration…
High-performance KIA Forte in the works, spy shots reveal
Just a few weeks after the first units of the all-new KIA Forte began to roll out of the assembly…
ABB to implement STATCOM technology for Iberdrola’s wind project
The Mexican government has set an ambitious goal. It expects that by 2024, 35% of its energy needs will be…
