US Congress scratches border tax off its overhaul proposal
U.S. Congressional leaders announced that they have scrap a border tax on incoming goods, including cars, as part of a…
Bosch Mexico posts sales of US$ 1.2 billion for the 2016 fiscal year
Germany-based automotive supplier Bosch reported it ended its 2016 fiscal year with consolidated sales of US$ 1.2 billion in Mexico,…
Ford revamps Mexican dealerships amid reports of branding crisis
Ford announced plans to invest US$ 52.6 million at the 127 dealerships around the country as part of an effort…
Grupo Bimbo sees global sales jump 11% in first half of 2017
Mexican bakery company Grupo Bimbo saw its sales climb more than 11% to US$ 7.39 billion in the first half…
Audi plans to reduce costs by US$ 12 billion in the next five years
Audi plans to cut costs by US$ 12 billion (10 billion euros) by 2022 to fund its shift to electric…
Spain-based Gransolar completes solar plant in Camargo, Chihuahua
Spain-based developer Gransolar announced it has completed the construction of a 35.4 MW photovoltaic plant in Camargo, Chihuahua for the…
Mexico ranks fourth in robot imports
In 2016, Mexico positioned itself as the fourth major importer of industrial robots with the acquisition of US$ 158 million…
Mexican exports set new record high in first half of 2017
Mexico exported a record high of US$ 198 billion during the first half of the year, a 10.4% year-on-year increase…
BMW has covered 600 of the 1,500 jobs the SLP plant will keep
The automotive assembler BMW has assigned 600 work positions from a total of 1,500 jobs expected by 2019,when the production…
New Bafar processing plant in Michoacan 80% complete
31 July, 2017Bafar, a company based out of Chihuahua, specialized in beef and pork meat, has 80% of advance in the development of…
Uber announces US$ 380 million investment for Mexico
31 July, 2017With the objective of growing to 500,000 associated drivers in Mexico by the end of 2018, the Uber technological platform…
Technological innovation consolidating Mexico in the agri-food sector
31 July, 2017The agricultural technological innovation is the backbone to consolidate Mexico as an agri-food powerhouse and it represents a motor of change…
VEMOG to boost Guanajuato’s textile sector
31 July, 2017The Guanajuato Center of Apparel and Fashion Intelligence, VEMOG, will rise the textile industry’s competitiveness. In this regard, Governor Marquez…
Midori Auto Leather investing US$28 in SLP
31 July, 2017Japanese firm Midori Auto Leather exerted a US$ 28 million investment to set the first stone of its third plant…
Lear Mexico inaugurates plant in Zacatecas
31 July, 2017With a US$ 22.5 million investment and the creation of over 1,400 jobs, the firm Lear Mexican Trim Operations inaugurated…
Global automotive mergers and acquisitions up 14% in first half of 2017
28 July, 2017Global automotive mergers and acquisitions (M&A) activity increased 14.3% in value during the first half of 2017 to US$ 24.4…
BMW supplier Waldaschaff Automotive builds US$ 20 million plant in Guanajuato
28 July, 2017German auto supplier Waldaschaff Automotive, which specializes in metal components and systems announced it will invest US$ 20 million to…
SigmaTron International sees earnings decline at the end of fiscal year
28 July, 2017SigmaTron International, an electronic manufacturing services (EMS) company with operations in three Mexican cities saw revenues decrease to US$ 252.2…
Spain-based Ingeteam to build steel production line for Galvasid in Apodaca, NL
28 July, 2017Electrical engineering and solutions supplier Ingeteam announced it was awarded a contract from Mexican steelmaker Galvasid to set up a…
Sumitomo Electric Bordnetze opens US$ 17 million plant in Puebla
28 July, 2017German auto supplier Sumitomo Electric Bordnetze (SEBN), a subsidiary of Japan-based Sumitomo Electric Industries, opened earlier this week a production…
