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
Last 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
Representatives 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
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
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…
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…
