Eight oil tenders to bring up to US$153 billion to Mexico
The Mexican government has negotiated investment projects valued at US$153 billion from companies in 20 countries with just eight oil…
Engie looking to double clients in Mexico in 5 years
Engie Energy Corporation is looking to have a million natural gas clients in Mexico by 2023, twice as many as…
One more Japanese company arriving in Leon
Japanese Company Atsumi is going to start producing high precision metal parts for the automotive industry in Leon, starting from…
Grupo PIASA inaugurates US$ 61 million biomass-based power plant in Oaxaca
Grupo PIASA, a company led by Arca Continental and other bottlers part of the Mexican Coca-Cola Industry, inaugurated in recent…
Germany-based ZF Group inaugurates US$ 17 million plant in Durango
Germany-based ZF Group inaugurated a new production facility in the municipality of Gomez Palacio, Durango, dedicated to the manufacture of…
Mexico’s auto production increases 6.2% in February; exports hike 11.2%
Light vehicle production in Mexico rose 6.2% annually in February, while exports grew 11.2%, the Mexican Association of the Automotive…
Sales from Magna International Mexican subsidiaries increase 7.5% in 2017
Canadian Tier 1 auto supplier Magna International Inc. posted 2017 results with records for sales, earnings per share, and operating…
Honda introduces affordable 7-passenger SUV to the Mexican market
Japanese automaker Honda has launched in the Mexican market a 7-passenger SUV for under 350,000 pesos or around US$ 18,920,…
Nissan builds NP300 Frontier variant for Renault at Cuernavaca plant
The Renault-Nissan-Mitsubishi alliance announced plans to speed up the convergence between the three companies on how they work in key…
Automotive transit through Lazaro Cardenas port grows 24% during January
6 March, 2018Last January, the Lazaro Cardenas port managed 33,976 vehicles through its premises, which represented an increase of 24% compared to…
Nissan Cuernavaca plant shuts down third shift; lays off 550 workers
6 March, 2018Representatives of the workers union of the Nissan plant in Cuernavaca, Morelos (CIVAC) announced that due to an increase in…
Nissan Cuernavaca plant shuts down third shift; lays off 550 workers
6 March, 2018Representatives 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
6 March, 2018Ternium 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
6 March, 2018The negotiating teams from Mexico, United States and Canada managed to close three NAFTA chapters and left six more near…
MEXICONOW Issue 93
5 March, 2018Mar – Apr 2018
GKN in talks with Dana over sale of auto division; two Mexican plants involved
5 March, 2018U.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
3 March, 2018Sales 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
3 March, 2018Sale 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
3 March, 2018Sales 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
2 March, 2018General Motors revealed its latest addition to the high-end truck market Thursday with the 2019 GMC Sierra Denali and SLT…
