Allgaier Group invests US$ 20 million in Aguascalientes to open its second plant in Mexico
Allgaier Group, a Germany-based manufacturer of automotive body parts structural components, recently inaugurated its second production facility in Mexico, this one located at the FINSA industrial park in the city of Aguascalientes. The company invested US$ 20.6 million and opened 100 high skilled ...
Bridgestone unveils US$ 100 million investment plan in Mexico for the next two years
Faced with an expectation of growth in vehicle production in Mexico and despite the decrease in auto sales in the domestic market, Bridgestone plans to invest US$ 100 million between 2019 and 2020 in its Cuernavaca and Monterrey plants. With these investments, the Japanese tire manufacturer will se...
Lear Corp. net income down 15% due in part to lower sales in China and Europe
Lear Corporation, one of the largest suppliers of automotive seating in the world, reported third-quarter net income of US$ 253 million on sales of US$ 4.9 billion, down 15% and 2% respectively compared to same period of 2017. However, the company said its net sales during the first nine months of 2...
Rassini’s earnings hike 10.3% due to increasing heavy trucks production in Brazil
Mexican auto parts manufacturer Rassini posted earnings (EBITDA) of MXN 749 million (around US$ 40 million) in the third quarter of 2018, 10.3% more than in the same period last year, due to a recovery in the production of trucks in Brazil, market where they sell suspensions for this type of vehicle...
Cardival Medical plant in Guaymas, Sonora, recognized for Operational Excellence
Cardiva Medical, Inc., a California-based developer and manufacturer of vascular closure technologies, announced that its production facility in Guaymas, Sonora has been recognized for Operational Excellence from The Shingo Institute, part of the Jon M. Huntsman School of Business at Utah State Univ...

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