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 parts pose a national security threat, which could lead to a new round of tariffs. Trump now has 90 days to decide whether to act on the recommendations. The investigation starte...
FCA fourth quarter 2018 net income hikes 61% on higher light truck sales in North America
Fiat Chrysler Automobiles (FCA) reported fourth-quarter 2018 net income of 1.29 billion euros (US$1.47 billion), which is 61% higher compared to same period from previous year, on a 6% increase in revenue. Excluding one-time items, FCA earned 1.04 euros (US$1.18) per share, up 49% from its year-ago ...
GM's white-collar cuts reach Mexican operations, says report
As is happening in the United States and Canada, in Mexico, and specifically in Ramos Arizpe, Coahuila, the staff cut announced a few months ago by General Motors for North America began last week. Local media reported that several employees of high positions were dismissed this week, which generat...
BMW reports workforce of 1,800 strong ready to start operations at San Luis Potosi plant
Just a few weeks away from opening, BMW has already a workforce of 1,800 strong ready to start operations at its new plant in San Luis Potosi, local media reported on recent days. The Mexican “battalion” currently works to adjust every detail emerged from the preproduction phase in order to beg...
Sales of hybrid cars skyrocket 98%, but demand of fully electric units keeps downward
Auto dealers in Mexico sold 1,768 electrified vehicles in November 2018, nearly twice as much as those sold in the same month of the previous year, shows the latest data made available by the National Institute of Statistics and Geography (INEGI). According to revised figures from the INEGI, in Nov...

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