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  • Land for assembly plant wanted
  • Nissan and General Motors will produce a cargo vehicle in Mexico
  • Another Japanese supplier arrives to Silao
  • Mexico perceived as the new Detroit
  • Corvette “nervous system” will be made in Ciudad Juarez
  • Lazaro Cardenas Port will receive US$10 billion investment within five years
  • Altamira Port will receive US$117 million from private investment in 2013
  • Anipac budgets investments for US$3.5 billion
  • Steel boom thanks to assemblers
  • British show interest in Mexico
  • Vitro, ready to grow again
  • Neolpharma builds biotechnological plant
  • Industrialists and government reach an agreement on natural gas
  • Danone denies they will leave Michoacán
  • Drop in Mexican automobiles exports to South America
  • EA888 engines manufactured by Volkswagen in Silao are already running in the USA
  • Puerto Coatzacoalcos will have a vegetal oil terminal
  • Monterrey private sector calls off investments for US$900 million
  • Industrial park for Honda suppliers
  • Rebirth of manufacturing activity agreed with the USA

    • Mexican Peso/US Dollar rate of exchange reaches $13.49

    In just one day the average US Dollar/Mexican Peso rate of exchange in Ciudad Juarez went up 16 cents, going from MXP$13.29/USD$1 to MXP$13.45/USD$1. According to a survey made by a local newspaper, US Dollars were offered for up to MXP$13.49 in Banamex and Banorte banks. The lowest price was offered by San Luis Bureau de Change: MXP$12.90/USD$1. Specialists pointed-out that the reason for the fluctuation is related to political conflicts in Europe. Therefore, interbank rate of exchange closed in its highest level since January 17 –almost 4 months– and US Dollars were sold for MXP$13.3795. Leticia Armenta Fraire, Head of Economic Analysis Center in Tecnologico de Monterrey, Mexico City Campus, said that the political factor is generating much uncertainty in financial markets.
    Source: El Diario | Date: 10/05/2012