Fibra Uno, Mexico’s biggest real estate trust, to invest US$ 1.85 billion this year
Fibra Uno (Funo), Mexico’s biggest real estate trust, plans to invest US$ 1.85 billion in the development and acquisition of…
Mexico to reach renewable energy goal earlier than planned, official says
Mexico will get 35% of the power it needs from renewable sources in 2021, three years before the official timetable,…
Mexico’s auto sales down 11.5% in January; allegedly glitch in GM systems may have played roll
Due to an allegedly glitch in the computer systems of General Motors, the monthly report of auto sales by the…
Auto sales in the U.S. market up 1.1% in January
A tax reform, low unemployment and strong consumer confidence helped auto dealers in the U.S. sell 1.15 million vehicles in…
Volkswagen Mexican plants save US$ 34 million through employees-driven improvements
Volkswagen de Mexico registered improvements in its processes in 2017 equivalent to US$ 34 million in savings, the German automaker…
Heavy truck sales in Mexico to increase 6.3% this year, says dealers’ association
The Mexican Association of Automotive Distributors (AMDA) forecasts that around 42,585 heavy trucks will be marketed this year in the…
Next Energy to invest US$50 million on solar farm
Next Energy Mexico, a Company based in Monterrey, Nuevo Leon, is going to invest roughly US$50 million to build a solar…
Chinese automaker JAC launches Mexico-made sedan
JAC Mexico launched its J4 Trend sedan, which is assembled at the Giant Motors Latin America (GML) plant in Ciudad…
TC consolidates its leadership with transporter vehicles’ operation in Mexico
Transportes Cuauhtemoc (TC) reported a record 400,000 new vehicles transported in Mexico last year, from assemblers Kia, Hyundai, Honda, Toyota,…
US$100 million investment arriving to Bajio
1 February, 2018Desarrollos Residenciales Turisticos (DRT) is planning an investment project valued at US$100 million to carry out its industrial division’s development…
Tata to hire 1,200 associates in Guadalajara
1 February, 2018Tata Consultancy Services (TCS) a technology firm, is growing with local talent and is expecting to hire 1,200 employees in…
Pemex to restart operations at refinery in Tamaulipas by late March
1 February, 2018Pemex expects to increase crude processing at its refineries to 900,000 barrels per day (bpd) in the second quarter of…
Employment in plants under Immex program increased 4.6% in November
1 February, 2018Employment in establishments that participate in the Manufacturing Industry, Maquiladora and Export Services Program (Immex) reported an increase of 4.6%…
Shell takes nine of 19 blocks awarded in Mexico’s deep water tender
31 January, 2018Royal Dutch Shell was the big winner of the Round 2 deep water tender organized by the Mexican government, taking…
Mexico’s GDP increased 2.3% in 2017, says preliminary report
31 January, 2018Mexico’s Gross Domestic Product (GDP) increased 2.3% in 2017 compared to 2016, with seasonally adjusted figures, according to a preliminary…
Grupo Minsa sells US subsidiary in US$ 75 million deal
31 January, 2018Bunge North America, the North American operating arm of Bunge Limited, announced that it has purchased Minsa Corporation, a wholly-owned…
Tender to connect Baja California to the National power grid attracts 45 companies
31 January, 2018Mexico’s Secretariat of Energy (Sener) announced that the tender to build an electric transmission line to connect Baja California with…
Liquid fuel terminal in San Luis Potosi to supply the BajĂo region starting mid-2018
31 January, 2018By mid-2018, a liquid fuels terminal developed by Kansas City Southern de Mexico, Watco and WTC Industrial, a Mexican consortium…
Mexican steel production up 6.2% in 2017
31 January, 2018Mexican steel production in 2017 totaled 20 million metric tons (mt), up 6.2% compared to 2016. Such figure includes 500,000…
Mazda hits 700,000-unit production milestone at Guanajuato assembly plant
30 January, 2018Four years after it started operations at the assembly plant in Salamanca, Guanajuato, Mazda Motor Corporation announced that it has…
