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French manufacturer Streit Groupe builds US$20-million machining plant in Guanajuato
Streit Groupe, a French developer and manufacturer of machined auto parts currently builds a manufacturing plant in the municipality of…
How did cargo traffic for railways close during 2018?
MEXICO — During 2018 railway networks reported a mixed behavior in cargo movement, since three of them, finished with increases…
Mexico and France reinforce an aerospace alliance
TIJUANA — In order to strengthen the relationship between the federative entities of the country and France in the aerospace…
Lucid Motors already working on electric SUV, says report
Lucid Motors is working on an electric SUV and the company may reveal its design as soon as this summer,…
BMW, Daimler partner in US$1.13 billion venture to offer mobility solutions worldwide
BMW Group and Mercedes-Benz parent company Daimler AG, two fierce rivals in the luxury car market, are joining forces to…
HSBC names José Antonio Meade as administration advisor
MEXICO CITY — The former minister of Secretaría de Hacienda and former candidate for the Presidency of Mexico for the…
Ford’s Mustang-inspired electric crossover is ‘is going to go like hell’, says chairman
Ford Executive Chairman Bill Ford said the Mustang-inspired electric crossover – due to enter production at the company’s assembly plant…
California-based US Motor Works opens production facility in Nuevo Leon
US Motor Works LLC, a California-based manufacturer of components for stock and high-performance cooling and fuel systems, announced it has…
Arca Continental reported a 14% increase in its 2018 sales
MEXICO — Arca Continental reported a 14% increase in net sales during 2018 (US$8 billion), mainly due to the combination…
Audi calls for Mexican college students to engage in training program in Germany
Last week, Audi Mexico announced that it has opened its call for the Mexican Students in Germany program. This program…
Confidence in the transport and logistics sector shows recovery
MEXICO — In the edition corresponding to the 4th quarter of 2018 (4Q18), the Confidence Index in the Transport and Logistics…
Canadian manufacturer Magna sees earnings decline in fourth quarter due to tariffs
Canada-based automotive supplier Magna International Inc said its profits declined in the fourth quarter despite record sales due in part…
Second runway in Toluca’s airport as a federal government’s plan
TOLUCA — Alexandro Argudín Le Roy, director of the Toluca International Airport (AIT) confirmed that the federal government plans the construction…
Delphi Technologies 4Q earnings hike 141%; full-year net income up 25%
Delphi Technologies, a manufacturer of propulsion systems for electric-vehicles and cars powered by internal combustion engines, reported a 141% hike…
Visteon fourth quarter net income up 72% despite lower revenue
Michigan-based automotive electronics supplier Visteon Corp. posted a 72% increase on net income of US$43 million during the fourth quarter…
