Mexico is positioned as a desirable investment destination for electric vehicles and nearshoring
The global trend of nearshoring and the shift to electric vehicles provide several prospects for Mexico, according to Arturo Juarez,...
Mexico
Claudia Sheinbaum takes office as Mexico’s first female president
Following the fervor around her predecessor's social projects, Claudia Sheinbaum took office on Tuesday as Mexico's first female president. However,...
If John Deere shifts its manufacturing to Mexico, Trump threatens to impose tariffs
Donald Trump, a Republican running for president, threatened to impose a 200% import tax on John Deere if the agricultural...
To counter German weakness, Italy exports vehicle parts to Mexico and Vietnam
A minister from Italy stated that the country is searching for other export markets for the manufacture of car components...
How China rose to prominence as Mexico’s top auto supplier
Due to taxes, Chinese manufacturers of electric vehicles have been forced to sell their cutting-edge vehicles outside of the United...
Banorte acquires Uruguay’s More Payment Evolution
As part of the consolidation of its Uniteller subsidiary in the international payments sector, Banorte purchased More Payment Evolution of...
Foxconn invests $241 million to produce AI servers in Mexico
Taiwanese technology company Hon Hai, known worldwide as Foxconn, announced an investment of US$241.2 million in Mexico to expand its...
MG to build an electric car plant and research center in Mexico
MG Motor announced that it will establish a Research and Development Center in Mexico to produce combustion and electric vehicles...
Grupo Financiero Banorte takes advantage of nearshoring
Grupo Financiero Banorte, presided by Carlos Hank González, is determined to take advantage of the relocation of companies, as it...
UPS declares its intent to buy Estafeta and plans to complete the deal by year’s end
UPS declared on Monday that it has reached a deal to buy Mexican package service business Estafeta, adding that the...
