Manufacturing in Mexico – Industry News

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Audi Building New Plant in Mexico

Mexico is the second main producer and top exporter of automobiles in Latin America, with most vehicles destined for the U.S. market. “Good infrastructure, competitive cost structures and existing free trade agreements played a significant role in the choice of Mexico,” said Rupert Stadler, chairman of the board of management of Audi AG.  Read more:

Audi Building New Plant in Mexico

Audi to Build New Manufacturing Plant in Mexico

German luxury carmaker Audi is planning to invest about $2bn to build a new manufacturing plant for sport utility vehicles in Mexico.  The Mexican plant, which is expected to start operation in 2016, will initially have capacity for manufacturing 150,000 Q5 SUVs per year.  Read more:

Audi to Build New Manufacturing Plant in Mexico

A Wake-Up Call for Manufacturing

A recent uptick in U.S. manufacturing has optimists hoping a lost decade that saw steep employment drops in the sector is coming to an end.  Productivity is up, a relatively cheap dollar is boosting exports, and the wage gap between the U.S. and China is shrinking. Some companies are repatriating operations from overseas.  How the U.S. shapes education policy, worker training, the tax code, the regulatory environment, and its relationship with Mexico will determine whether manufacturing continues to rebound or spirals into permanent decline.  Read more:

A Wake-Up Call for Manufacturing

Nissan to Pull Infiniti Production out of Japan to Counter Strong Yen

Ghosn said that North America and China are both under consideration as locations for additional Infiniti production sites.  Coincidentally, Nissan said earlier this year that it will build a new $2 billion assembly plant in Aguascalientes, Mexico, and has not specified what products it will produce there.  Read more:

Nissan

NAFTA Commission Meeting in Washington DC

The NAFTA Commission Meeting held on April 3rd in Washington DC issued a joint statement that outlines continued cooperation of Canada, the U.S. and Mexico to increase economic competitiveness and trade among the 3 nations. Since NAFTA was signed in 1994 trade has more than tripled from $288 billion to $1 trillion.  Read more:

NAFTA Commission Meeting in Washington

Steady Growth, Clear Outlooks Key to Local Manufacturing

Mexico’s growth in wind power generation has positioned it as the second largest market in Latin America after Brazil. Continued investment in this industry will depend on growth in demand.  Read more:

Steady Growth, Clear Outlooks Key to Local Manufacturing

Ford Invests $1.3 Billion To Expand Production At Northern Mexican Plant

Ford Motor Company will invest $1.3 billion to expand its vehicle stamping and assembly manufacturing facility in the northern Mexican city of Hermosillo, where it will produce its Lincoln MKZ and Fusion models.  Read more:

Ford Expands in Mexico

Honda Starts Construction of New Car Plant in Celaya, Mexico

Honda motor’s production and sales unit Honda de Mexico (HDM) has started construction of its new vehicle production plant in Celaya, Guanajuato, Mexico.  Honda Fit subcompact will be the first model to roll out of the new manufacturing facility which is expected to start operations in 2014.  Read more:

Honda Builds New Plant in Mexico

Solar Power Plant to be Built in Mexico

SolFocus Inc., Mexican land and real estate developer Grupo Musa and U.S.-based energy developer Synergy Technologies LLC on March 29 said they are building a 450 MW solar power plant in Baja California near Tecate, Mexico.  Read more:

Solar Power Plant to be Built in Mexico

UPDATE 2-Mexico Annual Inflation Eases in First Half of March

Mexican price pressures were muted in the first half of March with annual inflation lower than at the end of February and investors expecting the central bank to keep rates on hold through the year.  Inflation in the 12 months through mid-March was 3.72 percent, remaining below the 4 percent annual inflation target ceiling and easing from the 3.87 percent rate in the year through end-February.  Read more:

Mexico Annual Inflation Eases in First Half of March