MND_BUSINESS
Is Mexico getting too expensive too fast?
Mexico News Daily CEO Travis Bembenek explains how increased wages without increased productivity can cause serious problems for businesses.
Nestlé Purina to invest US $225M in Guanajuato
The new investment is intended to significantly enhance the company’s production in Mexico, its fourth-largest market in the world.
Foreign direct investment in Mexico hits historic high in first quarter
Foreign investment in Mexico was $20.3B in Q1, an increase of almost $1.7B compared to the same period last year, the Economy Ministry says.
Could Mexican exports be affected by new US tariffs on China? ‘Stay tuned’ says...
The Biden administration toughened up tariffs on Chinese imports on Tuesday, which could bring both future complications and benefits for Mexico.
Hybrid and electric vehicle sales in Mexico on the rise
Electric vehicle sales in Mexico are increasing at a steady rate, even though the nation still lacks an extensive network of charging stations.
Semiconductor manufacturer Micron Technology coming to Guadalajara
The new facility will be the first headquarters in Latin America for the Boise, Idaho-based Micron Technology.
Peso strengthens against US dollar after Bank of Mexico maintains interest rate
The Bank of Mexico governing board decided to hold off on any further rate cuts on Thursday, after the publication of higher-than-expected inflation data.
Inflation in Mexico rose in April; central bank expected to hold off on rate cut
The April inflation data was published ahead of the Bank of Mexico's monetary policy meeting on Thursday.
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 truck
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 last April
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 low
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.
