This is how auto sales ended up in 2017 over the NAFTA region
U.S. auto sales fell 2% to 17.2 million in 2017, according to Autodata Corp. It was their first year-over-year decline…
Volaris signs agreement with Airbus to buy 80 airplanes
Mexican economy air carrier Volaris informed that an agreement has been signed with the European airplanes manufacturer Airbus, to purchase…
Mexican aerospace industry’s growth rates at 16.5% and counting
The Mexican Space Agency (AEM) affirms that the aerospace sector has recorded average growth rates of 16.5% during the present…
Fibra Nova buys industrial building in Chihuahua
The Real Estate Investment Fund Trust (FIBRA, in Spanish) Nova announced the purchase of a new industrial building in Chihuahua…
Auto sales in Mexico fall 4.6% during 2017
Sale of new cars in Mexico ended 2017 with a 4.6% drop by selling 1.53 million light vehicles, according to…
US auto sales fall 2% in 2017, ending historic seven-year growth streak
U.S. auto sales fell 2% to 17.2 million in 2017, according to Autodata Corp. It was their first year-over-year decline…
Mexico receives 14.5% less remittances in November
After reaching a record in October, family remittances sent to Mexico fell by 14.5% in November. During the eleventh month…
Mexico’s oil exports reach record high in November
Exports of crude oil reached their highest since August 2011, with a daily average of 1,388,000 b/d (B/D) during November….
Mexican heavy truck exports hiked 49% during last October
Mexican exports of commercial vehicles such heavy trucks, buses and tractor trucks totaled 11,998 units during last October, a sky-rocketing…
Mexico’s first car-specialized port terminal to start operations in coming weeks
3 January, 2018A Specialized Car Terminal (TEA) will start operations in the Port of Lazaro Cardenas, Michoacan, during the first quarter of…
FCA to recall 1.8 million trucks in North America over issue in gear-shifters
3 January, 2018Fiat Chrysler Automobiles (FCA) US LLC is voluntarily recalling an estimated 1.48 million trucks in the U.S. to help prevent occupants from…
First BMW X7 pre-production models roll off the South Carolina plant
3 January, 2018Production of the first pre-production models of the new BMW X7 Sports Activity Vehicle has commenced at the BMW Group…
Vestas inks 118 MW order for wind park in Tamaulipas
2 January, 2018Vestas Wind Systems A/S, a Danish manufacturer of wind turbines, announced it has been awarded with a 118 MW order…
Saint Gobain investing in Coahuila
2 January, 2018With a US$135 million investment, French Company Saint Gobain laid the first stone to its second plant in the South…
Russian aircraft sales increasing in Mexico
2 January, 2018Both the Russian government and corporations are actively promoting more aircraft sales in Mexico, a market where new contracts are…
MEXICONOW Issue 92
2 January, 2018Jan – Feb 2018
AeroMexico evaluates buying Bombardier airplanes
27 December, 2017Grupo AeroMexico is considering to order a batch of the C Series airplanes from Canadian firm Bombardier, taking airplanes that…
Swiss oil trader Trafigura becomes first private company to market Mexican crude
22 December, 2017Mexico’s National Hydrocarbons Commission (CNH), the country’s oil regulator, announced it has chosen Swiss company Trafigura as a crude oil…
InterGen sells assets in the Mexican energy sector for US$ 1.25 billion
22 December, 2017InterGen, a global power generation firm, announced today that it has entered into an agreement with Actis, an investment firm…
Coahuila closing the year with new Torreon investment
22 December, 2017Investment valued at US$7 million coming to Torreon, was announced by Flejes y Embalajes Industriales Corporation. This new company is…
