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...
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...
Canadian manufacturer Magna sees earnings decline in fourth quarter due to tariffs
Canada-based automotive supplier Magna International Inc said its profits declined in the fourth quarter despite record sales due in part to tariffs and investments in electric and autonomous vehicles. “Despite some headwinds, we are positioned for another good year,” CEO Donald Walker told ana...
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...
Report: Spain-based Fagor Ederlan to build US$70-million plant in San Luis Potosí
Spain-based manufacturer Fagor Ederlan plans to build a new plant in San Luis Potosi, central Mexico, for which the company obtained a 15-million-euro credit facility (around US$17 million at current exchange rate), Spanish media reported. The loan has already been approved by Cofides (Compañía E...

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