By KELIN DILLON Mexico’s domestic grain production has fallen throughout the administration of Mexican President Andrés Manuel López Obrador (AMLO), as the production of widely consumed products like corn, sorghum and wheat has dropped off, while Mexico has increased its international grain imports in turn in an effort to keep up with consumer demand. According to the Secretariat of Agriculture
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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
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XINHUA Mexico’s light vehicle sales fell to a five-year low in 2019, after tumbling 7.7 percent compared to the previous year, the country’s National Institute of Geography and Statistics (Inegi) said Tuesday, Jan. 7. In 2019, the industry sold a total of 1,317,727 units compared to 1,426,926 units in 2018. According to the Inegi, these figures are the worst for
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By THÉRÈSE MARGOLIS On the morning of Friday, Feb. 15, Mexican President Andrés Manuel López Obrador (AMLO) eagerly presented his four-punch bailout plan to save the country’s financially lethargicm state-run oil company Petróleos Mexicanos (Pemex) from economic collapse. By that same afternoon, at least three international financial institutions and one of the “Big Three” global credit rating agencies had declared
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