Here’s how sales of Mexico-made cars ended up in October across the US market
Despite a strong demand of SUVs and pickups over compact cars in general, some Mexico-made small models saw modest sales…
Continental opens new plant in San Luis Potosi, its second in less than a year
ContiTech, a division of German manufacturer Continental, has opened a new production facility in San Luis Potosi, Mexico to produce…
MEXICONOW Issue 91
Nov – Dec 2017
Hyundai subsidiary invests US$ 450 million in two spare parts distribution centers
Mobis, a subsidiary of Hyundai Group, invested US$ 450 million to build two spare parts distribution centers in Nuevo Leon…
Aerospace supply chain, a niche for entrepreneurs
Even though the aeronautic industry demands high-level certifications and regulation, young entrepreneurs have a market niche as part of the…
Veracruz welcomes Marble Company investing US$5.3 million
Travertinos Laguna Corporation, part of Grupo Siete Leguas, has invested approximately US$5.3 million in the city of Veracruz, Veracruz, to…
Samsung announced upcoming automotive investment
Samsung Electronics Corporation is raising its bet on the automotive industry, with the announcement of investment valued at US$8 billion,…
Zoppas Industries expands its investment in SLP
San Luis Potosi State Government Authorities have disclosed that Italian enterprise Zoppas Industries is expanding its investment project in Rio…
Honda to keep auto production in Mexico regardless of NAFTA
Japanese automaker Honda will keep production at its two Mexican plants despite the renegotiation of the North American Free Trade…
Grupo Lala opens US$ 55.2 million meat processing plant in Hidalgo
2 November, 2017Agrifood Mexican company Grupo Lala in recent days started operation of its new meat processing plant in Tizayuca, Hidalgo, a…
Automotive transit at Lazaro Cardenas port up 45% from January through September
2 November, 2017Automotive trade through the port of Lazaro Cardenas, Michoacan, in the Pacific Coast, increased 45% to 296,739 vehicles in the…
Goodyear tire plant in San Luis Potosi is officially operational
2 November, 2017A discreet ceremony took place earlier this week at the World Trade Center II industrial park in San Luis Potosi…
Canada auto sales up 6.3% in October, in track for a record-setting year
2 November, 2017Auto sales in Canada totaled 164,200 vehicles in October, a 6.3% increase from the same month last year, on track…
Cummins net income up 56% amid increased demand of trucks, construction equipment
2 November, 2017Cummins Inc. reported earnings of US$ 2.71 per share in the third quarter of 2017, was up from US$ 2.02,…
Eaton Corp. earnings up 9% boosted in part by a strong heavy truck market
2 November, 2017Power management company Eaton Corporation improved third-quarter revenue and earnings, boosted in part by the strength of the Class 8…
Despite strong demand for pickups, US auto sales fall 1.3% in October
1 November, 2017Despite a strong demand for pickups, U.S. auto sales fell 1.3% in October to 1.35 million light vehicles and trucks,…
Unconcerned by NAFTA collapse, aerospace companies in Mexico see other issues ahead
1 November, 2017Aerospace companies with manufacturing operations in Mexico are not likely to leave the country if NAFTA comes to an end,…
New acquisitions boost Cementos de Chihuahua earnings at double-digit pace
1 November, 2017Grupo Cementos de Chihuahua (GCC) reported double-digit increases in sales and EBITDA in the third quarter of 2017 as result…
Owens-Illinois upgrades Coahuila facility to be ‘the most modern glass container factory in the world’
1 November, 2017Owens-Illinois, Inc., the world’s largest glass container manufacturer, announced it has expanded its 50-50 joint venture with Constellation Brands in…
Ternium Mexico vice president appointed as the company’s next CEO
1 November, 2017Ternium S.A. announced that its Board of Directors has appointed Maximo Vedoya, Ternium Mexico’s Executive Vice President, to succeed Daniel…
