LG likely to acquire Austrian automotive light maker ZKW for US$ 1.5 billion
LG Electronics is in final talks to acquire Austrian automotive light maker ZKW Group for about US$ 1.5 billion, which…
Iberdrola signs US$ 400 million green loan to refinance three wind farms in Mexico
Spain-based utility company, Iberdrola, announced it has signed, through its subsidiary, Iberdola Mexico, the first green loan in the country…
A group of farmers invest to build an ethanol plant in Tamaulipas
Tamaulipas-based company Bioenergeticos Mexicanos (Biomex) has been building an ethanol plant for a few months in the Valle Hermoso municipality,…
Amerigas plans investment valued at US$48 million
Amerigas is planning to start several investment projects, valued at US$48 million, to develop infrastructure for the import and distribution…
Pfizer investing US$26 million in Mexico during 2018
Neither the presidential elections, nor the renegotiation of the North American Free Trade Agreement (NAFTA) or the commercial changes in…
Audi Factory in Puebla creates over 5,000 jobs
More than a year after starting operations in San Jose Chiapa, Puebla, German corporation Audi added 5,200 workers to its…
Mexico, EU reach new agreement on trade
Last Saturday, the European Union and Mexico reached a new agreement on trade, part of a broader, modernized EU-Mexico Global…
Mazda considers building a new model in Guanajuato
Another Japanese automaker that has already stopped production in El Bajio, central Mexico, is Mazda, who kept its plant in…
Production idles at two Nissan plants in Aguascalientes
A local auto workers union confirmed that a new production stoppage will take place this week at the two auto…
Volkswagen Mexico production, exports drop while Audi’s doubles
23 April, 2018Volkswagen and its sibling Audi posted mixed results in the first quarter of 2018 concerning production and exports, with the…
Audi fulfills commitment of 5,200 jobs in Puebla
20 April, 2018A little more than a year after formally starting operations in San Jose Chiapa, Puebla, German premium automaker Audi has…
Japanese manufacturer Ashimori opens its second plant in Guanajuato
20 April, 2018Ashimori Industry Co. Ltd., a Japanese manufacturer of automotive safety systems, opened its second plant in Mexico this week in…
Asian brands account for more than half of Mexico’s auto sales in the first quarter
20 April, 2018During the first quarter of 2018, auto sales of Asian brands in Mexico accounted for the first time for more…
Volkswagen Truck division open to a takeover of Navistar
19 April, 2018Volkswagen’s heavy-vehicle division is open to a takeover of U.S. affiliate Navistar International Corp. as the German company seeks scale…
Mercedes-Benz begins production of the new A-Class in one of five plants it will be made at
19 April, 2018German premium automaker Mercedes-Benz today announced it has officially started production of the new A-Class at the assembly plant in…
Mino Industry inaugurates plant in Leon
19 April, 2018Japanese auto parts company Mino Industry Mexico inaugurated its plant in this municipality with investment valued at US$ 40 million….
Bosch to invest US$120 million in Celaya
19 April, 2018German Corporation Bosch, an industrial technology solutions provider, will open a new auto parts plant with Industry 4.0 quality in…
SMEs park to be developed in Queretaro
19 April, 2018In order to meet the demands of small and medium enterprises (SMEs), the SME Industrial Park is now being built…
Martin Technologies opens US$ 15 million plant in Ramos Arizpe, Coahuila
19 April, 2018With an initial investment of US$ 15 million, Harold Martin Tecnologias de Mexico, a subsidiary of Martin Technologies, inaugurated its…
Nemak’s net income up 3% in first quarter as it earns new contracts for electric vehicles
19 April, 2018Monterrey-based Nemak, S.A.B. de C.V., a manufacturer of aluminum components for the automotive industry, saw its net income increase 3%…
