MND_BUSINESS
Foreign investment is setting records in a tough economy. How did...
New investment skyrocketed in the first half of the year as foreign funds continue to flow into Mexico.
L’Oréal will increase production in Mexico with a US $80M expansion
The beauty products manufactuer has plants in Mexico City and San Luis Potosí, plus a distribution center in México state, employing 2,800 peope directly.
CIBanco, Intercam sell off assets as US extends bank sanction deadline
It's been an action-packed week for CIBanco and Intercam, with news on U.S. sanctions, a lawsuit and the acquistion of bank assets by outside parties.
Canada imported more vehicles from Mexico than the US in June
Canadian importers spent CAD $1.08 billion (US $779 million) on passenger vehicles from Mexico in June, exceeding the CAD $950 million outlay on vehicles from the United States.
ODATA inaugurates data center in San Miguel de Allende, its 4th in Mexico
At the inauguration ceremony, Guanajuato Deputy Economy Minister Luis Andrés Álvarez Aranda said that SMA could become “the next Virginia or Arizona” in terms of data centers.
With US $3B investment, GE Appliances leaves Mexico; General Electric’s core operations remain
GE Appliances — which is not a subsidiary of General Electric, but rather a branch of Haier — will expand its U.S. operations in the states of Kentucky, Georgia, Alabama, Tennessee and South Carolina.
Mexico’s half-year trade deficit with China hits a record US $57 billion
The imbalance has existed for more than two decades, but with Economy Secretary Marcelo Ebrard warning "Enough is enough," Mexico is starting to take action.
Baja California Sur tourism industry demands action on insecurity
A spike in crime in central Baja California Sur threatens to scare visitors away from the state's tourism destinations, La Paz hoteliers say.
In a possible telecom sector shake-up, AT&T may be leaving Mexico
The U.S.-based multinational has been competing unsuccessfully with Carlos Slim's Telcel in Mexico since it bought Iusacell in 2014.
Industrial activity in Mexico falls for fourth consecutive month
In annual terms, industrial activity declined 0.8% in June after declining 0.3% in May, 0.7% in April and 1.4% in March.
Trump’s chip tariff poses mixed fortunes for Mexico’s growing semiconductor industry
The United States was the main destination of Mexican semiconductor exports in 2024, contributing US $466 million or 75% of Mexico’s chip exports.
Central bank slows rate cuts, but still brings interest rate to a 3-year low
The rate cut was half the size of the four previous cuts as the bank's governors seek a balance between lowering inflation and boosting the economy.
Mexico’s market share of US auto imports keeps growing despite tariffs and trade uncertainty
New data shows how Mexico has solidified its position as the United States' top source for vehicles and auto parts.
Drug manufacturers announce investments of over 12B pesos in Mexico
The announcements follow the administration's goal of boosting domestic production of a wide range of products, part of the Plan México initiative.
Walmart executives back Plan México after meeting with Sheinbaum
The giant global retailer had previously announced plans to invest US $6 billion to open nine new stores and two additional distribution centers in central Mexico.
Mexico’s exports to the US increased 6.3% in the first half of 2025
During the same period, U.S. exports to Mexico increased by only 1.1%, meaning Mexico's trade surplus with the U.S. grew larger.
