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Sofico opened an office in Mexico as a means to better serve its customers in Central America with its services in financing, leasing, and fleet software.
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Trucking and logistics interests are keeping a close eye on talks to revamp the North American Free Trade Agreement begin this week – particularly those involved in the automotive industry.
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Calendar-year 2016 sales shows were strong, but there are headwinds buffeting 2017 auto sales, in particular, the risk of higher interest rates, and a weaker Mexican peso vis-à-vis the U.S. dollar.
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Ford is shifting production of its next-generation 2019 Focus compact car to China from Mexico, and will invest $900 million in its Kentucky Truck Plant to expand production for the new Expedition and Lincoln Navigator, Ford has announced.
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On March 1, FCA México reported February sales of 8,059 units, up 9% versus 2016; best February since 2010.
Read More →Mexico is the sixth-largest consumer gasoline and diesel market globally and BP is the first international oil company to enter the market, following deregulation, which was previously only served by Petróleos Mexicanos (PEMEX), the Mexican state-owned petroleum company.
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One challenge to global fleet management is adjusting to different fleet terminology for different regions. One example is the difference between the use of “model-year” and “calendar-year” in describing the year of a fleet vehicle.
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The top five most traffic congested cities in the world are Mexico City, Bangkok, Jakarta, Chongqing, and Bucharest.
Read More →International telematics provider Scope Technologies and local partner Troncalnet have signed four new deals with Mexican companies such as CARSSA Courier Company, Grupo Autofin de Monterrey, FAMSA, and Altos Hornos de Mexico (AHMSA).
Read More →Ford has canceled plans for a $1.6 billion plant in Mexico and is now investing $700 million in production at its Flat Rock Assembly Plant in Michigan.
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