Honda to stick with North American production plans, for now
Honda Motor Co will stick with its North American production plans as it waits to see if U.S. President-elect Donald Trump will follow through on a campaign pledge to dump the North American Free Trade Agreement (NAFTA) when he takes office, the automaker's CEO said according to Japanese media. "It...
Fiat Chrysler to start production of Jeep Compass at Toluca plant in January
The 2017 Jeep Compass will be built at four plants around the world, with the U.S. spec version slated to go into production at Fiat Chrysler’s Toluca Assembly plant in Toluca, Mexico in January, the company announced in recent days. The Compass, which debuted last week at the 2016 Los Angeles Au...
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...

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