Nissan Cuernavaca plant shuts down third shift; lays off 550 workers
Representatives of the workers union of the Nissan plant in Cuernavaca, Morelos (CIVAC) announced that due to an increase in…
Ternium, ArcelorMittal keep up with investments plans in Mexico despite threat of tariffs
Ternium and ArcelorMittal, two of the main steel producers in Mexico, announced that they do not plan to stop the…
Seventh round of NAFTA talks concludes three chapters, leaves six more near completion
The negotiating teams from Mexico, United States and Canada managed to close three NAFTA chapters and left six more near…
MEXICONOW Issue 93
Mar – Apr 2018
GKN in talks with Dana over sale of auto division; two Mexican plants involved
U.K.-based manufacturer GKN PLC confirmed last Friday that it is in talks with Dana Inc. over the possible merger of…
This is how auto sales ended up during February over the NAFTA region
Sales of light vehicles in the U.S. market fell during February as carmakers lowered incentives and as interest rates increased….
Auto sales in Mexico decline for the ninth straight month; 7.2% in February
Sale of brand new light vehicles in the Mexican market totaled 109,484 units in February, 7.2% less compared to same…
US auto sales fall 2.4% during February on lower incentives and higher interest rates
Sales of light vehicles in the U.S. market fell during February as carmakers lowered incentives and as interest rates increased….
GM unveils the 2019 GMC Sierra Denali, its most luxurious pick up to date
General Motors revealed its latest addition to the high-end truck market Thursday with the 2019 GMC Sierra Denali and SLT…
Netherlands-based Constellium N.V. inaugurates state-of-the-art plant in San Luis Potosi
2 March, 2018Netherlands-based Constellium N.V. celebrated the grand opening of its new Automotive Structures plant in San Luis Potosi, to supply aluminium…
Spain-based Fagor Ederlan, Grupo Industrial Saltillo open two plants in San Luis Potosi
2 March, 2018The companies Fagor Ederlan and GISederlan inaugurated in recent days their respective plants in San Luis Potosi, to which an…
Mexico’s automotive industry attracts record FDI in 2017
1 March, 2018During 2017, the automotive industry established in Mexico captured the largest Foreign Direct Investment (FDI) in its history, despite the…
Continental to double investments made in Mexico during the last 5 years
1 March, 2018German automotive Tier 1 supplier Continental plans to double the investments made during the last five years in Mexico over a…
Heavy truck production in Mexico increased 1.3% in 2017; exports rose 7.6%
28 February, 2018Mexico managed to increase its exports of heavy trucks by 7.6% during 2017 to 114,251 units, with 90% of these…
French manufacturer Novares opens its third plant in Chihuahua to supply BMW
28 February, 2018On February 27, French auto supplier Novares Group opened its third production plant in Chihuahua, fifth overall in Mexico, to…
Real estate developer Vesta opens 15-hectare industrial park in Juarez
28 February, 2018Nancy Gonzalez / MexicoNow Industrial real estate developer and operator Vesta today inaugurated the first building of its newest industrial…
Despite a 12.5% increase in exports, Mexico’s trade deficit hikes 27% in January
28 February, 2018Mexico’s total exports increased 12.5% at annual rate in January despite uncertainty over the renegotiation of the North American Free…
Michigan-based Gentherm posts record revenues boosted in part by recent acquisition
28 February, 2018Michigan-based Gentherm, a developer and manufacturer of thermal management technologies, reached record revenues of US$ 257.2 million during the fourth…
Heineken inaugurates in Chihuahua its most sustainable brewery worldwide
27 February, 2018Heineken-Cuauhtemoc Moctezuma today inaugurated in the municipality of Meoqui, Chihuahua, its seventh brewery in Mexico and, according to the company,…
Despite uncertainty on NAFTA, Mexico’s FDI increases 11% during 2017
26 February, 2018In 2017, Mexico received US$ 29.7 billion in Foreign Direct Investment (FDI), despite the uncertainty generated by the renegotiation of…
