Uncategorize
LG likely to acquire Austrian automotive light maker ZKW for US$ 1.5 billion
LG Electronics is in final talks to acquire Austrian automotive light maker ZKW Group for about US$ 1.5 billion, which…
Iberdrola signs US$ 400 million green loan to refinance three wind farms in Mexico
Spain-based utility company, Iberdrola, announced it has signed, through its subsidiary, Iberdola Mexico, the first green loan in the country…
A group of farmers invest to build an ethanol plant in Tamaulipas
Tamaulipas-based company Bioenergeticos Mexicanos (Biomex) has been building an ethanol plant for a few months in the Valle Hermoso municipality,…
Amerigas plans investment valued at US$48 million
Amerigas is planning to start several investment projects, valued at US$48 million, to develop infrastructure for the import and distribution…
Pfizer investing US$26 million in Mexico during 2018
Neither the presidential elections, nor the renegotiation of the North American Free Trade Agreement (NAFTA) or the commercial changes in…
Audi Factory in Puebla creates over 5,000 jobs
More than a year after starting operations in San Jose Chiapa, Puebla, German corporation Audi added 5,200 workers to its…
Mexico, EU reach new agreement on trade
Last Saturday, the European Union and Mexico reached a new agreement on trade, part of a broader, modernized EU-Mexico Global…
Mazda considers building a new model in Guanajuato
Another Japanese automaker that has already stopped production in El Bajio, central Mexico, is Mazda, who kept its plant in…
Production idles at two Nissan plants in Aguascalientes
A local auto workers union confirmed that a new production stoppage will take place this week at the two auto…
Volkswagen Mexico production, exports drop while Audi’s doubles
Volkswagen and its sibling Audi posted mixed results in the first quarter of 2018 concerning production and exports, with the…
Audi fulfills commitment of 5,200 jobs in Puebla
A little more than a year after formally starting operations in San Jose Chiapa, Puebla, German premium automaker Audi has…
Japanese manufacturer Ashimori opens its second plant in Guanajuato
Ashimori Industry Co. Ltd., a Japanese manufacturer of automotive safety systems, opened its second plant in Mexico this week in…
Asian brands account for more than half of Mexico’s auto sales in the first quarter
During the first quarter of 2018, auto sales of Asian brands in Mexico accounted for the first time for more…
Volkswagen Truck division open to a takeover of Navistar
Volkswagen’s heavy-vehicle division is open to a takeover of U.S. affiliate Navistar International Corp. as the German company seeks scale…
Mercedes-Benz begins production of the new A-Class in one of five plants it will be made at
German premium automaker Mercedes-Benz today announced it has officially started production of the new A-Class at the assembly plant in…
