French manufacturer Streit Groupe builds US$20-million machining plant in Guanajuato
Streit Groupe, a French developer and manufacturer of machined auto parts currently builds a manufacturing plant in the municipality of Comonfort, Guanajuato, local media reported. Last year, the company acquired a 33,260 sq.-mt. land at the Marabis industrial park where a 7,500 square-meter facili...
Ford’s Mustang-inspired electric crossover is ‘is going to go like hell’, says chairman
Ford Executive Chairman Bill Ford said the Mustang-inspired electric crossover – due to enter production at the company’s assembly plant in Cuautitlán-Izcalli, Mexico next year – “is going to go like hell.” The official shared his excitement about the company's first battery-electric veh...
California-based US Motor Works opens production facility in Nuevo Leon
US Motor Works LLC, a California-based manufacturer of components for stock and high-performance cooling and fuel systems, announced it has officially opened its newest production facility in Santa Catarina, Nuevo Leon. The new location, a recently constructed 55,000-square-foot facility, will prim...
Delphi Technologies 4Q earnings hike 141%; full-year net income up 25%
Delphi Technologies, a manufacturer of propulsion systems for electric-vehicles and cars powered by internal combustion engines, reported a 141% hike in its fourth-quarter net income to US$135 million. Nearly half of the earnings came from a US$63 million tax gain in the quarter, compared to a US$2...
Visteon fourth quarter net income up 72% despite lower revenue
Michigan-based automotive electronics supplier Visteon Corp. posted a 72% increase on net income of US$43 million during the fourth quarter of 2018 despite a 9% decrease in revenue of US$731 million.  Net income increased due to a one-time charge of US$33 million for divestitures during last quart...

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