MEXICONOW Issue 88
May – Jun 2017
Ford’s profits fall 35% amid recalls, lower sales and a plant cancellation in Mexico
Ford Motor Co.’s profit fell 35% to US$ 1.6 billion -or US$ 0.40 per share- in the first quarter, affected…
Investment firm acquires Maysteel Industries, deal includes a plant in Monterrey
Wisconsin-based Maysteel Industries LLC has been acquired by Savannah, Georgia-based LJC Investments III LLC, an investment fund of Littlejohn Capital…
Precision Cable Assemblies opens plant in Monterrey
Precision Cable Assemblies, Inc. (PCA) announced the opening of its newest Harness and Cable manufacturing facility located in Monterrey, Nuevo…
Nissan Mexico reaches record levels in production, sales during March
Nissan Motor’s global sales and production rose to record levels in the twelve-month period ending March 31, 2017, driven by…
Lear Corporation reports record sales, earnings for first quarter 2017
Lear Corporation, a leading global supplier of automotive seating and electrical systems, reported record sales and earnings for the first…
U.S. auto industry accelerated automation in 2016
The U.S. manufacturing industry installed 31,500 robots during 2016, out of those a new record of approximately 17,500 units went…
Daimler net profit doubles boosted in part by record sales in Mexico
Daimler reported its net profit doubled during first quarter 2017 on the back of record sales and revenues. The company’s…
Mexico’s heavy truck output dropped 20% in February
Mexico exported 7,500 heavy trucks during February, 24.6% less units than same month from 2016, according to figures by the…
Tesla follows Audi’s strategy in Mexico to meet production deadline
26 April, 2017According to a report by Reuters, Tesla CEO Elon Musk is skipping key testing processes to launch its Model 3 sedan by…
Mexico’s auto imports reach record high in first quarter 2017
26 April, 2017For the first time, Mexico’s auto imports surpassed the 200,000 units milestone in a three-month period. According to the Mexican…
Rockwell Collins completes acquisition of B/E Aerospace, a Mexican plant included
26 April, 2017Rockwell Collins, Inc announced it has successfully completed the acquisition of B/E Aerospace, a leading manufacturer of aircraft cabin interior…
Draft order to withdraw U.S. from NAFTA under review
26 April, 2017A draft version of an executive order to withdraw the U.S. from NAFTA is under review and could be unveiled…
Mexico, one of the most attractive vehicle sales markets
26 April, 2017Despite the international economic conditions, Mexico is nowadays one of the most attractive markets for vehicle sales, affirmed the president…
Guajardo to tour through European to strengthen commercial relations
26 April, 2017The head of the Ministry of Economy (SE), Ildefonso Guajardo Villarreal, is starting a tour through European countries, with the…
CDMX requires 8 million square feet of industrial space
26 April, 2017The demand for industrial spaces has not stopped despite concerns for a possible renegotiation of the NAFTA (North America Free…
Newly created Puebla-Tlaxcala automotive cluster
26 April, 2017With investment worth four million pesos, authorities from the Tlaxcala and Puebla government signed the Constitution of the Automotive Cluster,…
Manufacturing cosmetics for the world
25 April, 2017Shepora, Yves Rocher, Mary Kay, Natura and Unilever are some of the brands that will have a “made in Guanajuato”…
Chinese firm arriving in Nuevo Leon investing US $25 million
25 April, 2017AÂ US $25 million investment to establish a component producing plant for the automotive sector and the creation of 400 direct…
Heineken’s global plans for Tecate: to reach up to 70 countries
25 April, 2017Heineken N.V. announced plans to incorporate Mexican beer Tecate to its international portfolio, a measure that will expand the product’s…
