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
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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,
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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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XINHUA German automotive manufacturer Volkswagen (VW) will invest $233.5 million to expand its engine plant in the central Mexican state of Guanajuato, in a bid to boost production capacity aimed at the North American market, the company announced on Thursday, Nov. 12. Added capacity will be used to manufacture the new EA211 turbo-charged engine at the VW plant in Silao,
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By ANTONIO GARZA, former U.S. ambassador to Mexico
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XINHUA Mexico’s exports grew by 9.81 percent in July compared to June, mainly driven by vehicle exports to the United States, the National Institute of Statistics and Geography (Inegi) said on Thursday, Aug. 27. The total value of exports amounted to $34.847 billion in July, representing the second consecutive month of growth after dropping in April and May due to
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XINHUA The United States-Mexico-Canada Agreement (USMCA) officially entered into force on Wednesday, July 1, replacing the 26-year-old North American Free Trade Agreement (NAFTA). “Today marks the beginning of a new and better chapter for trade between the United States, Mexico and Canada,” U.S. Trade Representative (USTR) Robert Lighthizer said in a statement, adding that the USMCA contains “significant improvements and
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By ANTONIO GARZA, former U.S. Ambassador to Mexico
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XINHUA The newly revised United States-Mexico-Canada Agreement (USMCA) represents “a net negative” for all three economies due to its regulatory mandates, especially concerning automobiles, said a report from the Washington-based financial thinktank Peterson Institute for International Economics (PIIE) released on Tuesday, Dec. 17. The USMCA modernizes trading rules and strengthens enforcement of labor and environmental rights, but its restrictions on
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By ANTONIO GARZA, former U.S. Ambassador to Mexico
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