MND_BUSINESS
Mexico’s year in review: The 10 biggest business and economics stories...
2024 was a wild ride economically for Mexico, with major foreign investment plans, a volatile peso, threats of a tariff war and more.
Bank of Mexico could cut interest rates by up to 50...
Deputy Governor Jonathan Heath told reporters this week that growing uncertainty with regard to U.S. trade will be a key factor in the decision.
Green hydrogen projects worth US $21B in Mexico’s pipeline
Mexico's Energy Ministry is funding 18 new green hydrogen projects, hoping to provide 3 million new jobs and help Mexico reach its emissions reduction targets by 2030.
With state oil company Pemex behind on payments, small suppliers face financial crisis
Small Gulf Coast subcontractors are struggling to pay Christmas bonuses and other end-of-year obligations, or even shutting down entirely.
Bank of Mexico cuts benchmark interest rate to 10%
Further rate cuts are expected in the new year as inflation declines across the country.
Mexico to impose new protective tariff on finished textile imports
The 35% tariff on finished textiles won't apply to the USMCA countries and appears to be an attempt to curb cheap clothing imports from China.
Stellantis prepares new investments in Mexico in 2025
Stellantis' investment will boost production at its Coahuila facility to nearly 1 million vehicle engines, the company said.
Mesnac to invest US $20M in Guanajuato tire manufacturing plant
The factory will be Mesnac's first in Mexico, and second in North America.
Sinaloa governor distributes cash aid to businesses impacted by cartel violence
Cartel infighting in Sinaloa has cost the state economy roughly 18 billion pesos (US $893 million) during the past three-and-a-half months.
Bloomberg: Mazda ready to move some Mexico operations if US imposes 25% tariff
Mazda's Mexico director told Bloomberg that the company has a "Plan B" ready if Donald Trump's threatened 25% tariff on Mexico takes effect.
Industrial parks set to draw US $6B in 2025
Three northern locations — Tijuana, Baja California, Ciudad Juárez, Chihuahua, and Monterrey, Nuevo León — are primed to receive the bulk of the investment.
Mexican auto industry accelerates toward historic production mark in 2024
Exports also grew by 2.8% year-on-year in November, with Japanese companies Toyota, Nissan and Honda leading the way.
MND Deep Dive: Querétaro’s data center boom
Our subscriber-exclusive podcast looks at the new data firms setting up facilities in central Mexico.
I don’t want to, but someone else please start these businesses in Mexico!
Please, Elon, if you're reading this, we need you.
Mexico announces US $1.6B investment to modernize 6 major maritime ports
The infrastructure upgrades are designed to spur the growth of 10 industrial corridors across the country.
Peso recovers from Trump tariff threats as US dollar weakens
The peso's value against the dollar is on its third day of steady increases.
