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Strattec profits fall due to business challenges and investments
Cost pressures from automakers and higher expenses linked to new products and a new factory reduced Strattec Security Corp. net income…
Ford to expand shutdown at Michigan plant for two more weeks
Ford Motor Co announced it will idle the Wayne, Michigan assembly plant an extra two weeks by the end of the…
Spain-based Fotowatio strikes deal to build 300 MW solar plant
Spain-based solar developer Fotowatio announced that it was awarded a 300 MW project in the second Mexican power auction that…
Mexican avocado producers resume strong shipments to U.S. market
The Avocado Producers and Exporting Packers Association of Mexico (APEAM) announced strong shipments to the U.S. market, as the Mexican avocado…
Bosch opens engineering center, announces US$ 78 million investment
To strengthen its presence in Mexico, the Bosch Group just set two milestones in the country: at its existing site…
Mexichem acquires Canadian plastic pipe manufacturer
Mexichem announced that it acquired Canada-based plastic pipe manufacturer Gravenhurst Plastics Ltd. (GPL), furthering the company’s global growth model with bolt…
Nissan sets end of production date for the Tsuru
Nissan confirmed today the end of production of the Nissan Tsuru in Mexico by May 2017. “The popular unit, with…
Renewable power overtakes coal, here’s how Mexico has been doing its part
Yesterday the world reach a milestone in clean energy development as global renewable electricity capacity has overtaken coal to become…
Japanese firm buys Mactac Americas for US$ 375 million; San Luis Potosi plant included
Platinum Equity announced it has signed a definitive agreement to sell printing and packaging solutions supplier Mactac Americas, LLC, to…
US, Mexico reach deal to avoid double taxation for maquiladoras
US’s Internal Revenue Service (IRS) announced an agreement with Mexico for companies with maquiladora operations to be able to avoid…
Hyundai Dymos to supply seats for a three-wheel vehicle manufacturer
Elio Motors, Inc., the startup vehicle manufacturer planning to launch a three-wheel car that will get up to 84 mpg…
Volkswagen reaches US$ 14.7 billion settlement in diesel scandal
A U.S. federal judge approved Volkswagen record US$ 14.7 billion settlement with regulators and owners of 475,000 polluting diesel vehicles…
Quickstep Holdings and Futuris Automotive to develope car seat 50% lighter
Australia-based companies Quickstep Holdings and Futuris Automotive Group are joining forces with for the development and production of lightweight seat…
Mexican authorities to harden rules for citrus and vegetables exports
Mexican authorities will harden rules and processes to export citrus and vegetables, especially for producers and buyers. Parties that do…
Equity fund buys International Textile Group, two Mexican plants included
International Textile Group, Inc. (ITG) announced that it has been acquired by Platinum Equity through a completed merger with an…
