Post Tagged with: "mexico"

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Recent Mexico investments anger the UAW union

Recent Mexico investments anger the UAW union

Last Friday the second largest automaker – Ford Motor – announced it would further invest $2.5 billion in Mexico to start the assembly of a new generation of high mileage engines and transmissions, delivering in the process 3,800 new jobs. General Motors not long ago also decided it would spend […]

Report – Ford to spend $2.5 billion in Mexico

Report – Ford to spend $2.5 billion in Mexico

According to unnamed industry sources, the second largest US automaker, Ford Motor, is planning to reveal a $2.5 billion investment going to Mexico, the blue oval being the latest global player to spend billions in the country’s rapidly rising auto industry. According to the people, who declined to be named […]

Hyundai sees Mexican plant coming soon

Hyundai sees Mexican plant coming soon

South Korea’s Hyundai Motor, the country’s largest automaker, has expressed its interest to construct an assembly facility in Mexico in the near future, with the latter now Latin America’s biggest vehicle-producing market. Mexico has attracted numerous automotive investments, both from automakers and their suppliers, thanks to a unique set of […]

Report – Toyota mulling $1 billion Mexico factory

Report – Toyota mulling $1 billion Mexico factory

Even more reports are now surfacing about Toyota’s prospective production freeze end, with the largest automaker in the world reportedly ready to invest $1 billion to build a new car plant in Mexico. According to two persons that have first hand knowledge of the plans, the biggest Japanese carmaker is […]

Mexican suppliers fueled by auto output boom

Mexican suppliers fueled by auto output boom

Metalsa SA, a parts maker that makes elements for Ford F-150 pickup trucks and Toyota Sienna minivans, or Tenedora Nemak SA, a Mexican maker of aluminum parts, are among the companies that reward their investors with some of the auto industry’s largest gains. Mexican auto production output has jumped in […]

Report: Toyota close to approval of Mexican factory

Report: Toyota close to approval of Mexican factory

Three sources that have knowledge of the company’s strategy have reported that Toyota Motor, the world’s largest automaker, is close to summing up its plans for a new passenger car assembly facility, its first in Mexico. The three people that spoke to Reuters under condition of anonymity because there has […]