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Posts Tagged ‘Mexico news’

Mexico’s Auto Exports to US Rise 7.5 Percent in March

Nearly 70% of exports go to the U.S.

by on Apr.09, 2018

Mexico's top trade official Ildefonso Guajardo said recently he believed NAFTA talks could be done by May.

With the Trump Administration struggling to gain concessions in ongoing North American Free Trade Agreement talks and on the cusp of a trade war with China, the news that Mexico’s auto imports into the U.S. rose 7.5% may only serve to complicate matters.

One of the provisions Trump wanted in a revised NAFTA was fewer exports from Mexico into the U.S. President Trump was also heavily critical of automakers that built vehicles in Mexico and shipped them here, at one point threatening to tax them.

News You Can Trust!

The jump in exports comes despite a production drop of 10.9% in March compared with year-ago figures, auto industry group AMIA said.  (more…)

Trump Jabs Toyota in Mexico Tweet

President-elect uses same threat on Toyota as he did Ford, GM.

by on Jan.06, 2017

President-elect Donald Trump tagged Toyota in his latest tweet aimed at makers producing cars in Mexico.

President-elect Donald Trump has zeroed in on a new target on Twitter — Toyota.

Toyota announced back in 2015 that it was building a new factory in Baja, Mexico, to build Corollas for the North American market including the U.S. Trump, who has used Twitter of criticize Ford and General Motors for plant location decisions, has now turned his attention to Toyota, which an extensive manufacturing operation in the U.S.

Mexico News!

“Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for U.S. NO WAY! Build plant in U.S. or pay big border tax,” Trump wrote on Twitter Thursday afternoon. The post caused Toyota’s stock price to dip 1.7%. (more…)

UAW’s Williams Unhappy with Growing Mexico Production

Union leader says country “continues to be an issue” for UAW.

by on Jul.23, 2015

UAW Vice President Jimmy Settles, left, President Dennis Williams, center left, Ford Chairman Bill Ford Jr., center right, and Ford CEO Mark Fields kick off the contract talks between the two sides.

As expected, the ceremonial handshake between Ford Motor Co. and UAW negotiators was a mix of optimism and reality with Dennis Williams bringing the latter to fore right away.

“Mexico continues to be an issue for us,” Williams said during his comments kicking off the talks. “I want everything to be built in the United States, including tennis shoes.”

Union News!

Mexico is an issue because Ford recently announced it would be moving production of the slow-selling Ford Focus and C-Max from their current plant in Wayne, Michigan, to an unnamed facility. (more…)

Ford Confirms $2.5 Bil Investment in Mexico

Michigan maker to build engines, transmissions at new facilities.

by on Apr.17, 2015

Ford announced today it will be investing $2.5 billion in Mexico on two plants to increase its engine and transmission production.

After a couple of days of declining to comment about the possibility, Ford officials today announced they are spending $2.5 billion to build two new plants in Mexico to build engines and transmissions.

“Ford is making a significant commitment to our business in Mexico with investment in two new facilities, while aiming to make our vehicles even more fuel-efficient with a new generation of engines and transmissions our team in Mexico will build,” said Joe Hinrichs, Ford’s president of The Americas.

The Last Word!

“These new engines and transmissions will help deliver even better driving experiences and fuel economy gains for customers around the world.” (more…)