Tesla to Open Major Plant in Nuevo León
The Mexico plant, an investment that could be worth up to $10 billion, will be Tesla’s third assembly plant outside of the United States
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A Vegan Leather That Hits the Sustainability Sweet Spot
The nopal was considered sacred by the ancient Aztecs, and modern-day Mexicans use it as food, drink and even as medicine
Read moreTesla to Open Mega-Plant in Nuevo León
PULSE NEWS MEXICO Back in the United States, Elon Musk may be distracted by his recent and controversial takeover of Twitter, but here in Mexico, he is moving full speed ahead with plans to open a giant Tesla assembly plant in the northern state of Nuevo León. Musk’s U.S-based electric car manufacturer Tesla is expected to announce in the coming
Read moreKorea Seeks to Renew Free-Trade Agreement Talks with Mexico
By THÉRÈSE MARGOLIS The underlying message at the Mexico-Korea Commercial Forum (Mexco) in Mexico City on Monday, Dec. 6, was loud and clear: Korea wants to reactivate long.-protracted talks to establish a bilateral free-trade agreement with Mexico. During the conference, which was cosponsored by the South Korean Embassy in Mexico and Mexico’s Council for Foreign Trade, Investment and Technology (COMCE)
Read moreHLED Set the Stage, Now Comes the Haggling
By ANTONIO GARZA, former U.S. ambassador to Mexico
Read moreMexico Asks US to Resolve Rules of Origin Dispute
XINHUA The Mexican government has filed a petition with the United States to open a period of consultation to resolve differences over automotive rules of origin that were established under the U.S.-Mexico-Canada Agreement (USMCA), the Economy Secretariat reported Sunday, Aug.22. The petition, which was formally filed on Aug. 20, gives both governments a period of 75 days to resolve the
Read moreAutomotive Chip Shortage Expected to End in Mid-2021
XINHUA A global shortage of a semiconductor chips that has plagued automakers and put the brakes on North American vehicle rollouts since late 2020, could end by mid-year, but will still cause a drop in automotive production, the president of Mexico’s National Auto Parts Industry (INA) Oscar Albin said Monday, March 8. During a virtual press conference, Albin said the
Read moreMexico News Roundup
By RICARDO CASTILLO Texas Gas Shortage The Arctic vortex that hit Texas and the north of Mexico on Monday, Feb. 15, did not catch the Federal Electricity Commission (CFE) unprepared, said the commission’s director, Manuel Bartlett Díaz. The cold spell was expected, and the subsequent gas shortage it produced was also to be expected, he said, but not just for
Read moreNew Car Sales in Mexico Plummet in January
XINHUA New vehicle sales in Mexico plummeted by 22.5 percent in January compared to the same month of 2020, after a rebound in the novel coronavirus pandemic led to reimposed lockdowns, official figures showed Thursday, Feb. 4. A total of just 81,203 vehicles were sold in the first month of the year, compared 104,852 units in January of last year,
Read moreVehicles Sales in Mexico Up for Seventh Straight Month
XINHUA Vehicle sales in Mexico rose 13 percent in November compared to the previous month, for seven consecutive months of growth following the economic impact of the novel coronavirus pandemic, the National Institute of Statistics and Geography (Inegi) said on Wednesday, Dec. 2. Mexican distributors sold 95,485 vehicles in November, compared to 84,307 units the previous month, according to Inegi.
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