Kia officially inaugurates its US$ 3 billion plant in Nuevo Leon
South Korean automaker Kia Motors officially inaugurated its new US$ 3 billion plant, which began production in May 2016 in the northern Mexican state of Nuevo Leon. Kia, a unit of Hyundai, said in a press release that the newly inaugurated production facility would eventually have an annual prod...
Volkswagen buys 16.6% stake in Navistar trucks
Volkswagen has moved to purchase a 16.6-percent stake in truck company Navistar for US$ 256 million, Reuters reported. The move should help VW gain access to the North American truck market and reduce development costs for its truck and bus division. Volkswagen already controls trucks and buses com...
Korea-based auto supplier Yura opens US$ 45 million plant in Torreon
Korea-based Yura Corporation opened its first plant in Torreon, Coahuila, which will hire up to 4,000 workers once it operates at full pace. The auto supplier company will make harnesses, high voltage connectors and other electrical components in this one million square feet facility. According ...
Autoneum inaugurates second plant in Mexico, breaks ground for a third
As Switzerland-based auto supplier Autoneum inaugurated its second plant in Mexico last week, company officials laid the foundation stone simultaneously for a second production facility in San Luis Potosi and the third one all over the country. Underfloor systems, carpets and heatshields will be pr...
Kia Mexico sales grow 260 percent during July
South Korea's automaker Kia Motors Corp. again renewed its monthly sales record in Mexico in July, market data showed, suggesting its annual target of 50,000 cars is just around the corner. The carmaker sold 5,510 cars, including light trucks, in Mexico last month, up more than 260 percent from t...

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