Automotive News

New Ford's Mexican plant, still in the works
Ford still plans to spend US$ 1.6 billion building a new factory in Mexico, after all the turmoil created because of an announcement by president-elect Donald Trump, about the auto maker deciding not to shift production South of the border, revealed The Wall Street Journal. Trump tweeted Thursday ...
Samsung acquires Harman Industries for US$ 8 billion; three Mexican plants included
Samsung Electronics and Harman International Industries announced a definitive agreement under which the first will acquire the latter for US$ 112 per share in cash, or total equity value of approximately US$ 8 billion. Upon closing, the transaction will immediately give Samsung a significant prese...
CEO: Ford has no plans to change its investments in Mexico
Trump administration’s potential 35 percent tariff on vehicles imported from Mexico could have a “huge impact” on the U.S. economy, but the automaker has no plans to change its investments in Mexico, said Ford Motor Co. CEO Mark Fields at the Los Angeles Auto Show. On the campaign trail, Tr...
Toyota breaks ground for new Mexican plant
Toyota has held a groundbreaking ceremony in Apaseo el Grande for its new Toyota Motor Manufacturing de Guanajuato (TMMGT) facility. The US$ 1 billion factory will be Toyota's 15th manufacturing plant in North America and its second in Mexico, complementing a Baja California facility that builds th...
Brembo to supply brakes for Tesla from Mexican plant
Tesla president and CEO, Daniel Sandberg, announced that Brembo is ready to supply brakes to plant located in California from it new production site in Mexico, helping to reduce costs and delivery time.  The Italian brakes manufacturer inaugurated last month its US$ 36 million aluminum calipers p...