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Nissan and Daimler Might Shake Hands on a Mexican Joint Venture


The Japanese automaker Nissan and Germany's Daimler shook hands to create a 50-50 joint venture in Mexico. Nissan's and Daimler's joint manufacturing venture will build small, upmarket cars for the automakers' Mercedes-Benz and Infiniti brands. The two car makers signed last month a memorandum of understanding regarding this plan, according to an anonymous source. This is another example of how more and ...
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Japanese automakers investments in Mexico also bring the Japanese banks there
Honda and Nissan seem ready to make Mexico become the largest exporter of autos to the neighboring US, giving the Japanese banks also a chance to enter the country’s market. The ...
Report – Mercedes and Infiniti to join forces on development
According to people briefed on the situation, Daimler’s Mercedes-Benz and Nissan’s Infiniti brand could join development forces on their compact cars line-up, aiming to cut cost. The main reason behind such ...
Mexico becomes an important automotive hub
While the Central American country has no local auto manufacturer, it has lately become a very important manufacturing hub, due to low labor cost, a very good supplier system and ...
Mazda bets US growth on Mexico facility
Mazda Motors, the small Japanese manufacturer that faced the odds and survived on its own after Ford ditched it, now bets its US growth future on its first wholly developed ...
Honda has a new car factory in Mexico
Honda de Mexico, S.A. de C.V. (HDM) has, since Friday, a new automobile plant in the South American country, which will produce the 2015 Fit (Jazz) subcompact and a yet ...
Report – BMW weighing on building Mexico plant
According to the Wall Street Journal, the luxury segment global leader, BMW is now in advanced discussions with Mexican officials, as it wants to build a $1.5 billion facility, further ...
Mexico outruns Japan to become No. 2 auto exporter to the US
Thanks to lower tariffs under the North American Free Trade Agreement, output almost tripled and auto exports from Mexico to the US more than quadrupled from 1993 to 2013. Now, ...
Ferrari 360 Spider bursts into flames in Mexico
A Ferrari 360 Spider has been recently destroyed in a fire in Mexico City after what is believed to be a mechanical fault. Supercars and spontaneous combustion go hand in hand ...
Mazda starts production in new Mexico factory
Mazda Motor Corp. announced today that production has begun at its new plant in Mexico, Mazda de Mexico Vehicle Operation (MMVO), located in Salamanca, in the state of Guanajuato. The first ...

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