Mexico reached a record share of the U.S. automotive import market in 2021, according to data from the Department of Commerce (DOC).
Mexico's automotive exports to its northern neighbor totaled 128.622 billion dollars in 2021, an increase of 13.9% at an annual rate.
The United States represents the largest automotive import market in the world and Mexico and Canada are among its main suppliers…
MEXICO CITY - The German brand BMW will invest $1 billion dollars to build a plant in San Luis Potosi, where it will assemble up to 150,000 units annually of its 3.28 model, announced Harald Krüger, member of the board of directors of BMW Group for production and manufacturing.
The new complex will generate 1,500 direct jobs once it starts operations in 2019, Krüger added during the official…
Mexico is called "El Dorado" for Italian packaging machinery
"When we landed in Mexico City in 1997, we were the only ones producing bottle caps. About 50 million dollars a year. At that time, cola and beer, which were produced by multinationals that had relocated years before, were produced with the help of SMEs already in Mexico. The final product cost less, approximately half the price of…
april 1, 2013
MEXICO CITY, April 1.- The Bajío has become Mexico's new manufacturing hub, thanks to a relatively better-educated workforce, improved security and good infrastructure, noted U.S. analyst firm Stratfor.
The firm's text points out that Mexico's manufacturing sector has become more sophisticated under the North American Free Trade Agreement (NAFTA), making more value-added products…