Manufacturing News

Lear Corporation reports record sales, earnings for first quarter 2017
Lear Corporation, a leading global supplier of automotive seating and electrical systems, reported record sales and earnings for the first quarter 2017.  The company is one of the biggest private employers in Mexico with over 45,000 workers in Mexico and facilities in 19 cities around the country....
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...
Higher sales boost Rassini's earnings 28% during first quarter
Mexican suspension and brake components manufacturer Rassini, S.A.B. de C.V. reported a strong performance during the first quarter ending March 31, 2017, with sales for 4,880 million Mexican pesos, approximately US$ 263.8 million at an 18.5 pesos per U.S. dollar exchange rate, which represented a 2...
Japanese manufacturer Kyoei Steel Ltd. establishes US base in El Paso, Tx
Japanese company Kyoei Steel Ltd., which recently acquired a steel mill located in Vinton, Texas, announced it will establish its production and sales base at this facility. Last week the company hosted a ribbon cutting ceremony attended by CEO Nobuyuki Fukada and Vinton Mayor Manuel Leos, accordin...