Mexico auto parts sector sees potential to surpass Germany as fourth largest producer 
By the end of 2019, Mexico could displace Germany and become the fourth largest producer of auto parts in the world, due to the arrival of more companies to serve the assembly plants of BMW, Mercedes Benz and Toyota and because of the ongoing trade war, said Oscar Albin, president of the National Au...
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$1.18) per share, up 49% from its year-ago ...
GM's white-collar cuts reach Mexican operations, says report
As is happening in the United States and Canada, in Mexico, and specifically in Ramos Arizpe, Coahuila, the staff cut announced a few months ago by General Motors for North America began last week. Local media reported that several employees of high positions were dismissed this week, which generat...
BMW reports workforce of 1,800 strong ready to start operations at San Luis Potosi plant
Just a few weeks away from opening, BMW has already a workforce of 1,800 strong ready to start operations at its new plant in San Luis Potosi, local media reported on recent days. The Mexican “battalion” currently works to adjust every detail emerged from the preproduction phase in order to beg...
Japanese auto seat maker Tachi-S adds 600 jobs in Aguascalientes
Japanese automotive seat maker Tachi-S announced last week it will start up a new production facility in the state of Aguascalientes for which it will invest US$ 4 million and will open 600 job positions, local media reported. The new recruits will add to the workforce of 4,760 strong that already ...

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