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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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The top five most traffic congested cities in the world are Mexico City, Bangkok, Jakarta, Chongqing, and Bucharest.
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General Motors is investing $1 billion in its U.S. manufacturing operations and will move production of axles for its pickup trucks from Mexico, the company announced on the eve of President-elect Donald Trump's inauguration.
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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Mexican gasoline prices are forecast to rise by as much as 20% in January compared to the highest recorded prices in December as part of the country’s move to end several decades of government-set prices at the pump.
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The mayors of Paris, Mexico City, Madrid, and Athens have pledged to ban diesel vehicles from their cities by 2025 in an effort to improve air quality.
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