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Pemex will receive US$5,200 million this year
MEXICO— For its financial strengthening, PetrĂłleos 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 DirecciĂłn 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 — AndrĂ©s Conesa, CEO of Grupo AeromĂ©xico, 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…
Schaeffler opens state-of-the-art aftermarket center in Cuautitlan Izcalli
Global automotive and industrial supplier Schaeffler celebrated the grand opening of its new, state-of-the-art Automotive Aftermarket assembly and packaging center…
OECD recognizes Mexico for its low level of unemployment
MEXICO — At the end of 2018, the average unemployment rate in Mexico was 3.3%, the fourth lowest among the…
Aeroméxico adds two routes to South America
MEXICO — Starting in May, AeromĂ©xico will add two new flights to South America traveling from Mexico City to Guayaquil,…
Canadian Solar’s first photovoltaic plant in Mexico is now fully operational
Ontario-based Canadian Solar Inc. today announced its first solar power project of 68 MWp in Mexico started commercial operations last…
Continental Las Colinas plant, in Silao, celebrates 15 years of quality, development and growth
Executives and collaborators of the Continental Las Colinas plant in Silao, Guanajuato held a celebration to commemorate 15 years of…
