Dendron Aluminum lays the first stone to its Derramadero plant
Dendrum Aluminum Corporation laid the first stone to its new headquarters at the Alianza Derramadero Industrial Park, in Coahuila, with a US$15 million investment which will create 250 new jobs, informed Jose Antonio Gutierrez Jardon, Ministry of Economic Development, Competitiveness and Tourism. Gr...
Tata acquires engine cooling supplier TitanX
Auto supplier Tata AutoComp Systems Limited has acquired TitanX, a global engine cooling supplier who owns manufacturing plants in Mexico. The value of the deal remains undisclosed. BDA Partners and Tata Capital Investment Banking acted as advisory partners for TitanX and Tata AutoComp respectively...
Audi to build its first electric car in Mexico
The renowned luxury car maker Audi is planning to build the electric version of its best-selling model, the Audi Q5 from its soon to be new facility in Mexico. Audi is expected to set up a factory in Mexico by the end of the third quarter of this year. It will invest around US$1.3 billion for the n...
Mexico's auto parts industry expects US$ 86 billion sales
Mexico's auto parts industry expects record sales this year, reaching US$ 86 billion USD, as a depreciating peso has made exports in the local currency more competitive in the United States. Oscar Albin, president of the National Auto Parts Industry (INA), said on press conference that the record...
Strattec builds new assembly plant in Guanajuato
Strattec Security Corp. broke ground on a new painting and assembly facility in Leon, Guanajuato, as part of a joint venture with Michigan-based ADAC Automotive, said in official statement Frank Krejci, president and CEO. "With new automotive assembly plants being built in (Mexico), and additional ...

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