JV Acquires US$72 million Phoenix Multifamily
TEMPE, AZ – The joint-venture partnership of FCP and Tides Equities has acquired a 442-unit apartment community in Tempe, AZ…
San Diego creates new marijuana business regulatory agency
SAN DIEGO – San Diego has joined cities like Los Angeles, Sacramento and San Francisco in creating a cannabis-specific agency…
Aeroméxico to receive US$100 million financial support from AIMIA
MEXICO – Grupo AeromĂ©xico said in a statement that it reached an agreement with the Canadian travel consolidator AIMIA, which…
There will be no layoffs: Interjet
MEXICO – Interjet promised that, according to negotiations between the company’s Section 15 workers and the Mexican airline, there will…
Kia Motors MĂ©xico operates at a 30% capacity
PESQUERIA – The KIA assembly plant in PesquerĂa, Nuevo LeĂłn, currently operates at 30% of its capacity and continues to…
BORDERNOW July 2020
Mexico’s construction sector loses 340,000 jobs due to COVID-19
MEXICO – The construction industry has lost nearly 340,000 jobs nationwide due to the coronavirus pandemic, representing 43% of the…
Mexican retailer Grupo Famsa looks for Chapter 11 protection
MEXICO – Grupo Famsa, a retail sector firm, has filed for bankruptcy protection in the United States, according to a…
Aeroméxico to double domestic flights in July
MEXICO – Recently, Aeromexico announced that it will operate twice domestic flights just as it has been doing during June…
Mexican exports register historical 56.72% drop in May
26 June, 2020MEXICO – During May merchandise exports amounted to US$18 billion, which represented a 56.72% decrease at an annual rate, according…
Nuevo Leon, the state with the highest loss of formal Jobs
26 June, 2020NUEVO LEON – Nuevo Leon is one of the eight states whose net permanent job losses in May represented more…
Texas freezes business’ reopening
26 June, 2020AUSTIN — Governor Greg Abbott announced that it will stop any further phase of reopening businesses in Texas, and that…
Mexico hopes to recover with the USMCA’s entry into force
26 June, 2020MEXICO – The USMCA’s entry into force in July will help recover the attraction of foreign direct investment (FDI) lost…
Nuevo Leon registers record fall in the commerce sector in April
26 June, 2020NUEVO LEON – As a consequence of the confinement caused by the Covid-19 pandemic, the sales of the commercial sector…
Impact of USMCA on the Global Automotive Supply Chain
26 June, 2020GlobalAutoIndustry.com’s latest Audio Interview “Impact of USMCA on the Global Automotive Supply Chain” features Daron Gifford. Mr. Gifford is Partner,…
Kia Motors MĂ©xico reaches 1 million units production
25 June, 2020PESQUERIA – After 4 years and a month of production, the Kia Motors Mexico plant reached its first million units….
Iberdrola is willing to reach an agreement with the Mexican government: AMLO
25 June, 2020MEXICO CITY – President AndrĂ©s Manuel LĂłpez Obrador (AMLO) said in a statement that the managers of the Spanish company…
Heavy vehicle’s free trade between Mexico & Brazil has been pushed back
25 June, 2020MEXICO CITY – According to the Ministry of Economy, Mexico and Brazil just agreed to postpone free trade of heavy…
Chihuahua reactivates tourism in the Sierra Tarahumara
25 June, 2020CHIHUAHUA – The government of Chihuahua announced the opening of the tourism sector in the Sierra Tarahumara and other sites…
Chihuahua’s tourism sector falls 67%
25 June, 2020CHIHUAHUA – The economic spillover to the tourism sector in Chihuahua decreased by about 67% since the pandemic was declared…
