Automotive News

Ford’s profits fall 35% amid recalls, lower sales and a plant cancellation in Mexico
Ford Motor Co.'s profit fell 35% to US$ 1.6 billion -or US$ 0.40 per share- in the first quarter, affected by costly recalls, lower sales and expenses related to the cancellation of a plant in San Luis Potosi, Mexico. Ford Chief Financial Officer Bob Shanks said more hurdles remain ahead in the yea...
Daimler net profit doubles boosted in part by record sales in Mexico
Daimler reported its net profit doubled during first quarter 2017 on the back of record sales and revenues. The company’s unit sales were 10% above last year at 754,300 vehicles, with revenues up by 11% to US$ 42.32 billion.  Its earnings before taxes were 87% above prior-year level at US$ 4.37 ...
Mexico's heavy truck output dropped 20% in February
Mexico exported 7,500 heavy trucks during February, 24.6% less units than same month from 2016, according to figures by the National Association of Buses and Trucks (ANPACT). Also in February, production of heavy trucks reach a total 10,038 units, a 20.4% drop compared to same month 2016. For the ...
Tesla follows Audi’s strategy in Mexico to meet production deadline
According to a report by Reuters, Tesla CEO Elon Musk is skipping key testing processes to launch its Model 3 sedan by a self-imposed volume production deadline of September. Musk is using computer simulations to help Tesla in advancing straight to production tooling, a technique first used by Au...
Mexico’s auto imports reach record high in first quarter 2017
For the first time, Mexico’s auto imports surpassed the 200,000 units milestone in a three-month period. According to the Mexican Automotive Industry Association (AMIA) imports totaled 217,525 vehicles in first quarter 2017, up 12.6% compared to same period 2016. During the period that ended Marc...