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Mexico’s automotive industry attracts record FDI in 2017
During 2017, the automotive industry established in Mexico captured the largest Foreign Direct Investment (FDI) in its history, despite the…
Continental to double investments made in Mexico during the last 5 years
German automotive Tier 1 supplier Continental plans to double the investments made during the last five years in Mexico over a…
Heavy truck production in Mexico increased 1.3% in 2017; exports rose 7.6%
Mexico managed to increase its exports of heavy trucks by 7.6% during 2017 to 114,251 units, with 90% of these…
French manufacturer Novares opens its third plant in Chihuahua to supply BMW
On February 27, French auto supplier Novares Group opened its third production plant in Chihuahua, fifth overall in Mexico, to…
Real estate developer Vesta opens 15-hectare industrial park in Juarez
Nancy Gonzalez / MexicoNow Industrial real estate developer and operator Vesta today inaugurated the first building of its newest industrial…
Despite a 12.5% increase in exports, Mexico’s trade deficit hikes 27% in January
Mexico’s total exports increased 12.5% at annual rate in January despite uncertainty over the renegotiation of the North American Free…
Michigan-based Gentherm posts record revenues boosted in part by recent acquisition
Michigan-based Gentherm, a developer and manufacturer of thermal management technologies, reached record revenues of US$ 257.2 million during the fourth…
Heineken inaugurates in Chihuahua its most sustainable brewery worldwide
Heineken-Cuauhtemoc Moctezuma today inaugurated in the municipality of Meoqui, Chihuahua, its seventh brewery in Mexico and, according to the company,…
Despite uncertainty on NAFTA, Mexico’s FDI increases 11% during 2017
In 2017, Mexico received US$ 29.7 billion in Foreign Direct Investment (FDI), despite the uncertainty generated by the renegotiation of…
Spain-based Eosol breaks ground for US$ 100 million photovoltaic plant in Durango
Spain-based renewable energy developer Eosol in recent days broke ground in order to build a 108-MW solar power plant in…
Chassis Brakes International aims for autonomous vehicles with by-wire brake system
As Chassis Brakes International readies to begin production at its new 100,000-sq.-ft. plant in Queretaro, Mexico, the company unveiled an…
Pirelli’s second plant in Guanajuato begins operations ahead of schedule
Italian tire manufacturer Pirelli has begun operations earlier than originally planned at its second production plant in Mexico, aiming to…
SEAT turns Cupra into an independent brand
Last week, Spain-based automaker SEAT announced it will launch Cupra as a new brand with its own distinct identity. The…
US softens stand on rules of origin; Canadian proposal gains momentum, says insider
At a discussion panel held in Windsor, Ontario last week, Flavio Volpe, president of Canada’s Automotive Parts Manufacturers’ Association, said…
Harting Technology Group plans to quadruple its workforce at Guanajuato plant
The Harting Technology Group, a Germany-based developer and manufacturer of connectivity solutions, this week announced plans to further expand its…
