November 13, 2013
Nissan Motor Co Ltd will build 1 million cars in Mexico by 2016, cementing the country’s position as the export hub for the Japanese automaker in the Americas, Chief Executive Carlos Ghosn told Reuters as he inaugurated a $2 billion plant.
Most of the cars from the new plant in Aguascalientes in central Mexico will be sent by rail to destinations throughout North and South America. A staff of 3,000 in the light, airy plant filled with rows of shiny yellow robots will produce one car every 38 seconds, in partnership with Nissan’s other Aguascalientes plant.
November 7, 2013
The Financial Times, 11/06/2013
Mexico is slowing – so says the central bank on Wednesday, cutting growth forecast to 0.9 – 1.4 per cent, down from its previous estimate of 2-3 per cent – Banxico’s second consecutive quarterly cut.
But Mexican car production and exports are revving up, hitting record levels in October. Not bad for an economy where manufacturing confidence is still in the doldrums.
October 21, 2013
The Mexican auto industry is about to go on a $10 billion factory building spree, illustrating the nation’s rising economic challenge to rivals from the United States to China.
Japanese and German auto manufacturers are spearheading the drive, say parts suppliers and researchers who see more auto factories built south of the border than in the United States between now and the end of the decade.
The United States will consume the vast majority of the new cars, but Mexico’s domestic market has rebounded from a long slump, and in a sign of Mexico’s growing global role, auto exports outside of North America will rise faster than those to the United States.
October 9, 2013
Chrysler Group LLC will expand its plant in Mexico to build more of the “Tigershark” engines that will go into many of its passenger cars, sources with knowledge of the issue said on Tuesday.
Chrysler is to spend $164 million to expand the plant, and about 500 jobs will be added, the sources said.
On Thursday, Chrysler Chief Executive Sergio Marchionne and Mexican President Enrique Pena will be at the Saltillo Engine Plant in Ramos Arizpe in the Mexican state of Coahuila to formally announce the investment and new jobs, a Chrysler spokesman said.
June 27, 2013
General Motors Co outlined plans on Wednesday for investing $691 million to expand its Mexican operations, including the previously unannounced expansion of its Toluca engine plant. The plans include a new factory in Silao in central Mexico to build 8-speed transmissions and an upgrade to an existing factory in San Luis Potosi that will make next-generation transmissions, GM Mexico President Ernesto Hernandez said.
With numerous free trade agreements, a cheap, well-educated labor force, and proximity to the lucrative U.S. auto market, combined with growing demand in South America, automakers have been lining up for two years to set up shop or expand in a country that some analysts believe could eventually overtake Brazil as Latin America’s biggest economy. “The automotive sector is today one of the pillars of the national economy, representing more than 20 percent of manufacturing GDP and continues to be, for many reasons, a fundamental industry in attracting investments to productive sectors of the economy,” Hernandez said at a press conference in Mexico City with Mexico President Enrique Pena Nieto.
May 8, 2013
ABC News, 5/6/2013
There is surprising cargo showing up on trains in Mexico. Straight from Dearborn, Mich., Ford vehicles are heading into Mexico City, where demand is high among Mexico’s growing middle class. It’s the quality, locals say, that they’re after. Vehicles like the Ford Escape travel for 14 days on a train from plants in Avon Lake, Ohio; Oakville, La.; Chicago; and Kansas City, Mo.
But cars aren’t the only American-made products in demand in Mexico. Exports to Mexico and all of Latin America, including Brazil and Argentina, are up 121 percent in the last decade. Even the beef burgers at Carl’s Jr. in Mexico are imported from the United States. The fast food chain, which has opened 20 new restaurants in Mexico this year
February 15, 2013
The Mexico Institute’s “Weekly News Summary,” released every Friday afternoon, summarizes the week’s most prominent Mexico headlines published in the English-language press, as well as the most engaging opinion pieces by Mexican columnists.
What the English-language press had to say…
This week, the Peña Nieto administration unveiled its new strategy to combat organized crime, promising the creation of a 10,000-strong gendarmerie by year’s end, as well as $9.2 billion for social programs aimed at the country’s most violent towns and neighborhoods. Mexico’s booming auto industry surpassed tourism and oil exports to become the nation’s main source of foreign exchange. The government’s efforts to transform the Mexican narrative of violence into one of prosperity and social development, however, continued to suffer setbacks following the rape of six Spanish tourists in Acapulco last week. Auto defensa vigilante groups in the state of Guerrero continued to hold over forty people accused of several crimes hostage. North of the border, talk of comprehensive immigration reform continued, with critics warning against conditioning reform efforts on the poorly defined notion of securing the border, which Homeland Security Secretary Janet Napolitano added, has “never been stronger.”
Read the rest of this entry »
February 13, 2013
Bloggings by boz
Only one Latin American or Caribbean country was mentioned in last night’s State of the Union, and it was a negative mention. “Ford is bringing jobs back from Mexico.” It’s true that in 2011 and 2012 Ford added about 2,000 jobs in Michigan and Ohio manufacturing vehicles like the Ford Fusion that were previously manufactured in Mexico. However, Ford has expanded its operations in Mexico too.
Mexico’s auto manufacturing and auto parts industries are doing very well. Having an auto manufacturing industry that can so easily move vehicles and parts across North America’s borders has helped create multi-national supply chains that have benefited citizens in the US, Canada and Mexico. I understand and support President Obama’s push to improve manufacturing in the US. We should be investing in modern manufacturing hubs, research and development. But he was wrong to frame it as a US vs Mexico issue.
February 13, 2013
Ni el petróleo, ni el turismo, ni las remesas: ahora, el mayor ingreso de divisas lo genera la industria automotriz. En 2012, este sector trajo a México 32 mil 244 millones de dólares, lo que fortaleció su liderazgo como el sector que más ingresos aporta al País.
Las divisas netas generadas por la exportación de los vehículos automotores han ido creciendo en los últimos años: las del 2012 fueron 11 por ciento superiores a las de 2011 y 194 por ciento más que las de 2000, según datos del Banco de México. Los autos de mayor exportación fueron el Nuevo Jetta; Fusion; Journey; Silverado 2500; Sentra; RAM 2500 y Versa.
April 24, 2009
Mexico will aim to keep in place measures to support the auto industry at least until an expected recovery late next year as it hopes to attract more investment to the country, a senior trade official said on Friday.
The Mexican economy has been hit hard by a collapse in auto production, which sank by a third in March from the previous year. Around 70 percent of cars produced in Latin America’s second-largest economy go to the U.S. market, which is suffering its worst downturn in almost 30 years.
The government has been trying to lessen the pain by shouldering one-third of workers’ salaries when companies suspend operations at factories, and that program is expected to continue until business turns up, Deputy Secretary of International Trade Beatriz Leycegui said.