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AMLO presents council to promote investment, employment and economic growth
MEXICO — President Andrés Manuel López Obrador presented at Palacio Nacional the “Council for the Promotion of Investment, Employment and…
Vesta reported a 26.1% drop in its 2018 profit
MEXICO — The developer of industrial real estate and distribution centers, Vesta, reported on Thursday its financial results where it…
Nuevo Laredo takes off with 30% more passengers
NUEVO LAREDO — The Nuevo Laredo International Airport reported an increase of 32.3% regarding the transfer of passengers during the…
European Union will recognize “jalapeño” as a Mexican product
MEXICO — Following the conclusion of the negotiations of the Free Trade Agreement between the European Union and Mexico (TLCUEM),…
Total company will increase its capacity for fuel supply
TUXPAN — Total signed an agreement with Tuxpan Port Terminal and Servicios y Terminales de Tuxpan to become the anchor…
Pemex will receive US$5,200 million this year
MEXICO— For its financial strengthening, Petróleos Mexicanos (Pemex) will have additional revenues of US$5.2 billion this year, which will come…
The airline with the youngest fleet
MEXICO— According to figures from Dirección General de Aeronáutica Civil (DGAC), the airline that reported the youngest fleet was Viva…
Nemak’s net income up 5.6%; secures new contracts for electric vehicles worth US$280 million
Monterrey-based automotive parts manufacturer Nemak posted fourth quarter net income of US$38 million, up 5.6% compared to same period of…
By 2021, 80% of BorgWarner’s business will be electrified vehicle-related
Last week, BorgWarner Inc. reported fourth-quarter net income of US$230 million, compared to a loss of US$146.2 million in the…
Trump receives automotive tariff probe report; Mexico likely to be exempted
U.S. Secretary of Commerce Wilbur Ross on Sunday submitted the findings of a probe on whether imported vehicles and auto…
Tenneco aftermarket, ride performance spinoff to be called DRiV Inc.
Tenneco announced its spinoff aftermarket and ride performance company will be called DRiV Incorporated. The publicly-traded company will launch in…
We need only one airport: Aeroméxico
MEXICO — Andrés Conesa, CEO of Grupo Aeroméxico, assured that the airline will not operate two or more airports to…
French group Novares acquires Wisconsin-based manufacturer MPC, including one plant in Sonora
Novares announced the acquisition of Wisconsin-based Miniature Precision Components (MPC), a thermoplastic company that produces highly engineered plastic components and…
Israel-based irrigation solutions supplier Rivulis opens manufacturing plant in Guanajuato
Rivulis, an Israel-based designer y manufacturer of micro irrigation solutions, announced today that it is expanding its global footprint with…
Driven by higher truck production in North America, Cummins posts record sales, profits
Cummins Inc. reported increases in fourth-quarter sales and profits compared to a year ago, which helped lead to a record…
