Mexico's Economy

25 new investment projects arriving in Coahuila
During the second semester of the year and final portion of the current Coahuila administration, 25 new investment projects will be formalized and this will in turn help to reach and most likely surpass the goal of creating 150,000 new jobs during the Governor's term. The head of the Ministry of Eco...
70% rebound in the arrival of US travelers into Queretaro's airport
The increase in air routes offered from Queretaro's Intercontinental Airport (AIQ) towards cities in the US, has prompted growth rates of 70% in the number of travelers from the US, which added up to 23,336 from January to May this year. This has made AIQ the Bajio airport with the greatest leap in ...
America Movil posts steep 4Q loss on peso depreciation, customers decline
America Movil, the Mexican telecommunications corporation owned by billionaire Carlos Slim, posted a net loss of MX 11.295 billion (US$ 609 million) for the fourth quarter, its second straight net loss and its biggest in 16 years, as the Mexican peso depreciation against the dollar and euro lowered ...
AMIA: 70% of Mexico-made vehicles already comply with USMCA content rules
While some automakers with operations in Mexico will have to work their way through in order to meet the criteria emerged from the new trade deal between the United States, Mexico and Canada (USMCA), most of the vehicles that are shipped to the U.S. and further North already comply with such rules.Â...
Amidst uncertainty of NAFTA, foreign investment keeps flowing into Mexico’s auto industry
Amidst the uncertainty due to the renegotiation of the North American Free Trade Agreement (NAFTA) and the imposition of tariffs by the U.S. government, foreign investment keeps flowing into the automotive industry in Mexico, especially from Japan, the United States and Germany, revealed Oscar Albin...
AMLO unveils border fiscal plan to Governors in northern states
Northern Mexico Governors met this morning with president-elect Andre Manuel Lopez Obrador (AMLO) to analyze his plan for the border once he takes office next December. During the meeting at Lopez Obrador transition office, he ratified his intention to lower the Value Added Tax (VAT) in border comm...
AMLO’s would-be chief NAFTA negotiator touches base in Washington DC
Jesus Seade Kuri, who would assume the renegotiation of the North American Free Trade Agreement (NAFTA) in the event that the leftist candidate Andres Manuel Lopez Obrador wins the presidential election, is in Washington DC meeting with officials from different agencies interested in the development...
ArcelorMittal invests US$ 1 billion in Michoacán to boost steel capacity
ArcelorMittal announced a major US$ 1 billion, three-year investment program in Mexico, focused on building ArcelorMittal Mexico’s downstream capabilities, sustaining the competitiveness of its mining operations and modernizing its existing asset base. The plan is expected to support the creation ...
As USMCA deal signing nears, uncertainty on metal tariffs prevails
The signing of the revamped trade deal between the United States, Mexico and Canada (USMCA)––which will replace the North American Free Trade Agreement (NAFTA)––will be held on November 30, in the context of the G-20 Summit that will be Buenos Aires, Argentina, Secretary of Economy Ildefonso...
Asia exports accelerating
Mexico skyrocketed its product exports to Asia after Trump's victory, making this a primary indicator of where companies might aim to diversify foreign sales. Mexico increased its Asia exports by 36.8% during November, as it is the most dynamic destination of this indicator among the five continents...
Auto exports to Latin America hike 38% during first quarter
In the first quarter of 2018, Mexico exported 75,259 light vehicles to Latin America, 38.4% more than in the same period last year, according to data from the Mexican Association of the Automotive Industry (AMIA). It is the largest increase and volume of exports to that region in the last six years....
Auto industry contributed with 3.7% of the national GDP in 2017
In 2017, the automotive industry in Mexico contributed with 3.7% of the national Gross Domestic Product (GDP) and 20.2% of manufacturing GDP, being the second economic activity with the highest participation in the sector, after of the food industry. All this in accordance with the document “Know...
Auto industry investments exceed US$100 billion in current presidential term: Ernst & Young
The investments of automotive industry in Mexico already exceed US$100 billion in the current presidential term, averaging US$20 billion per year between automakers and manufacturers of tires and other petroleum derivatives, as well as suppliers of auto parts in general. This was stated by Andrés ...
Auto sales in Mexico fall 4.6% during 2017
Sale of new cars in Mexico ended 2017 with a 4.6% drop by selling 1.53 million light vehicles, according to figures from the Mexican Association of Auto Dealers (AMDA) and the Mexican Association of the Automotive Industry (AMIA). The three best-selling automakers ended 2017 with sale decreases. Ni...
Auto sales in Mexico will ramp up after elections, says Volvo exec
Swedish automaker Volvo anticipates that 2018 will be a difficult year for the Mexican auto retail sector due to the presidential elections in July, but it is confident that the market will rebound so it has increased its investment in the country, said the company's director for Mexico in an interv...
Auto tariffs would kill 157,000 jobs in the US, says study
Should the Administration of President Donald Trump to impose a 25% tariff on imported cars for reasons of national security, it would cause a loss of 157,000 net jobs in the United States, according to a study by The Trade Partnership (PDF). "We find that the tariffs would have a very small posit...
Automotive exports from Nuevo Leon to reach more than US$ 12 billion in 2017
Automotive exports from Nuevo Leon state are expected to reach more than US$ 12 billion in 2017, with the United States as the main destination, said Manuel Montoya, director of the state Automotive Cluster, who added the figure would mean a new record high for the industry, boosted in great part by...
Automotive goods account for 31% of Mexico's exports in August and throughout the year
Mexico exported goods worth US$39.5 billion last August, of which 31.6% were manufactured by the automotive industry, equivalent to US$12.5 billion, according to the latest data from the National Institute of Statistics and Geography (Inegi). During the eighth month of the year, exports of vehicles ...
Automotive sector boosts Mexican manufacturing exports during May
Mexican exports totaled US$ 35.46 billion in May, a year-on-year growth of 12.9% and higher than the 4.5% increase in April. The index now accumulates double-digit growth rates in three of the first five months of the year, according to figures from the National Institute of Statistics and Geography...
Automotive sector creates the best paid jobs in 4 out of 6 Mexican regions
Human capital firm Adecco Mexico revealed that automotive salaries are among the highest compared to other sectors in four out of six regions in Mexico.  According to Adecco’s report, auto industry pays higher than others in Central (Bajio), Northeast, Western Coast and Southeast. The automotive...

Login to Digital Content

Subscribe to our Newsletter Bulletin