MND_BUSINESS
Brazilian steel giant Gerdau eyes new plant in Mexico
Gerdau, the Americas' largest long-steel producer, may invest up to US $600M in a fourth Mexico plant, to sell to nearshoring automakers.
Chinese EV maker BYD chooses Mexico for launch of first pickup...
The decision by BYD to launch the truck in Mexico suggests the company feels at home just one year after entering the Mexican market.
New car sales continue to accelerate in Mexico, up 14.8% over...
Nissan remains the market leader, while Chinese carmakers Chirey and MG Motors fared worse than expected.
Mexico reports strong growth in formal sector jobs in April, with unemployment at historic...
Transportation and communications, construction and retail were the sectors with the biggest growth in the past 12 months.
Mother’s Day celebrations expected to generate 80B pesos in Mexico
Official estimates expect Mother's Day spending to be up more than 10% over last year.
Taiwanese electronics company to build plant in San Luis PotosÃ
In addition to its new plant in Villa de Reyes, SINBON Electronics has plans to build three additional factories in Mexico over the next five years.
Jalisco, Michoacán ramp up avocado exports for US Cinco de MayoÂ
As the United States prepares for Cinco de Mayo, Jalisco and Michoacán are getting ready to supply the U.S. festivities with more than 100,000 tonnes of avocado.
Chinese company ZC Rubber to invest nearly US $600M in Coahuila
Internal documents indicate the company hopes to build a tire factory in Saltillo, near the U.S. border.
Mexico again tops the list in exports to US and sets a Q1 record
As the U.S. spent nearly US $120B on Mexican products in 2024's first quarter, the value of Mexico's exports to the U.S. also hit an all-time high.
Are remittances to Mexico losing steam?
Remittances declined in March compared to the same month last year, and grew only 1% in the first quarter compared to the first three months of 2023.
Google plans to move engineering, finance jobs to Mexico after layoffs
Google's workforce in Mexico City looks set to grow: the tech giant plans to move some engineering and finance roles to Mexico, CNBC reports.
Quintana Roo, Oaxaca and SLP in the lead for economic growth by state
Tourism, infrastructure projects and nearshoring investments are credited with boosting economic growth in some of the fastest-growing states.
Mexican economy reports mixed growth results in the first quarter
While quarter-over-quarter performance is better than expected, the annual GDP growth from January to March is the lowest Q1 growth since 2020.
Is senior health care an untapped opportunity in Mexico?
Mexico News Daily CEO Travis Bembenek considers the market for senior health care, particularly for the growing number of expats moving to Mexico.
Chetumal free zone status extended to stimulate the regional economy
The Quintana Roo capital, located near the border with Belize, will continue to offer fiscal incentives and tax exemptions until 2030.
Despite March decline, Mexico’s export revenue still shows upward trend
Export revenue totaled US $143.43 billion in the first quarter of 2024, which is close to 2% higher than in the same period last year.
