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Car sales fall by 3.7% in January

MEXICO – In January, the generalized increase in prices and economic uncertainty caused new car sales in Mexico to start…

Mexico’s economy could enter into technical recession

MEXICO – The Mexican economy registered the second post-pandemic fall in the fourth quarter of the 2021, by completing a…

Mexico City negotiates US$575 million aerospace investment

BAJA CALIFORNIA – Baja California’s minister of Economic Development, Fadlala Akabani Hneide, revealed that there are three companies interested in…

Cementos de Chihuahua to invest US$500 million

CHIHUAHUA – Enrique Escalante, CEO of Cementos de Chihuahua, announced that there are important projects for GCC, including the expansion…

Link EV Electric Vehicles to invest US$265 million in Puebla

PUEBLA – The Chinese electric truck and bus manufacturer Link EV Electric Vehicles has decided to settle in Ciudad Modelo,…

Automotive industry rejects electricity reform

MEXICO – The companies affiliated to the Mexican Automotive Industry Association (AMIA) warned legislators that the electricity reform proposed by…

Regularization of chocolate cars begins in 10 states

MEXICO – The minister of Security and Citizen Protection, Rosa Icela Rodriguez, assured that there are approximately 2.2 million irregular…

Pemex closes the purchase of the Deer Park refinery

TEXAS – Petroleos Mexicanos (Pemex) took over the operation of the Deer Park refinery in Texas, after concluding the purchase…

Fibra Mty made four new acquisitions for US$139 million

MONTERREY – Fibra Mty announced that it concluded its 2021 acquisition plan, during said period it purchased four projects for…

Government of Queretaro will support automotive growth

QUERETARO – Mauricio Kuri, Governor of the State of Queretaro, met with members of the Queretaro Automotive Cluster, where he…

INA appoints its new president

MEXICO – The Board of Directors of the National Auto Parts Industry (INA) announced the appointment of Francisco N. Gonzalez…

BCS Automotive Interface Solutions invests US$59 million in Queretaro

QUERETARO – BCS Automotive Interface Solutions, a company that generates control systems for the interior of vehicles, will install a…

Parrot invests US$9.5 million to expand in Mexico

MEXICO – Mexican startup Parrot, dedicated to providing technology to restaurants, raised a Series A round of financing for US$9.5…

Constellation Brands to build plant in Veracruz

VERACRUZ – The beer company Constellation Brands will invest around US$5 and US$5.5 million in Mexico by 2026, mainly for…

Canada and Mexico tie as U.S. trading partners

MEXICO – Canada and Mexico tied as trading partners of the United States from January to November 2021, with a…

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