Automotive News

Hyundai, Kia to rely on Mexico to achieve 2017 sales target
South Korean auto giant Hyundai Motor and its affiliated Kia Motors are targeting combined 2017 sales of 8.25 million vehicles worldwide, up from their 7.88 million goal for 2016, which analysts expect the companies to miss. In his New Year message to employees, Hyundai Motor Group Chairman Chung M...
VIDEO: Low small vehicle sales, main reason to cancel Mexican plant: Ford CEO
It was market conditions, especially low small vehicle sales, not pressure from US President-elect Donald Trump, behind Ford Motor’s decision not to build a new production facility in Mexico, the automaker CEO Mark Fields revealed to Bloomberg. "We’ve seen small cars markedly decline, and it be...
Trump threatens GM with tax for car mostly built in U.S.
President-elect Donald Trump threatened General Motors Co. with a “big border tax” for moving its Chevy Cruze model production to Mexico. Trump tweeted out at 7:30 a.m. this morning: General Motors is sending Mexican made model of Chevy Cruze to U.S. car dealers-tax free across border. Make ...
Here's the most exported vehicles to U.S., Canada and Germany as of November 2016
Mexico exported 2,551,623 vehicles between January and November 2016, out of which 89.9% had three countries as their main destination: the U.S., Canada and Germany. According to the Mexican Association of the Automotive Industry (AMIA), this figures are very similar to the export records of Novem...
Nidec Sankyo builds a US$15 million plant in San Luis Potosi
Japanese auto part manufacturer Nidec Sankyo has invested US$15 million to become installed at the industrial park Colinas de San Luis, in San Luis Potosi, on a 4 hectares land, with plans for a second stage of expansion. The construction is expected to end by July this year, to start operations ...