MND_BUSINESS
With state oil company Pemex behind on payments, small suppliers face...
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.
French aerospace manufacturer Safran invests US $35M in Querétaro plant
Safran's addition to its Querétaro plant now makes Mexico one of the few countries able to cover every aspect of a jet engine's life cycle, said Safran officials.
Giant Motors CEO in Mexico ‘unfazed’ by Trump tariff threats
Giant Motors is currently the only company that makes Chinese vehicles in Mexico, specifically the JAC brand.
Record earnings expected for holiday season tourism
This winter break, Mexico is expecting even more tourists, more revenue and higher hotel occupancy than last year.
