Friday, October 24, 2025
HomeNearshoring in Mexico

MND_BUSINESS

An engineer in a forklift next to a piece of machinery labeled WEG

Brazilian manufacturer, facing 50% US tariffs, looks to invest in Mexico

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The CFO of the manufacturing firm WEG said his company is working to "reallocate export losses" as U.S. tariffs continue to reshape global commerce.
Marcelo Ebrard

Ebrard: Mexico ‘90% done’ with US tariff negotiations as Oct. 29...

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Mexico's negotiations on tariffs with the United States, ahead of a looming deadline and the 2026 review of the USMCA free trade pact, are around 90% complete, Economy Minister Marcelo Ebrard said Tuesday.
revolut logo on a building

British fintech Revolut granted banking license in Mexico

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The Mexico launch is Revolut's first bank outside of Europe, part of its global expansion plan to reach 100 million customers by mid-2027 and enter more than 30 new markets by 2030.
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Costco warehouse

Is your city next? Costco reveals where it plans to open new stores in...

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Costco Mexico's 20-year plan, according to Finance Director Mauricio Talayero, also includes opening additional stores in cities where the company already operates, such as Mexico City and Guadalajara.
green hydrgen plant office

Mexico’s first green hydrogen plant opens in Querétaro

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Querétaro, which has earned a reputation as a sustainable development-friendly state, now has a plant where hydrogen is isolated with clean energy, and in turn serves as clean energy.
glass of whiskey

Irish whiskey makers set their sights on Mexico’s ‘incredible’ growth potential

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To truly be the Cocktail Capital of the World, Mexico has to import Irish whiskey to go with the scotch and bourbon already here. The Irish Whiskey Association wants that to happen.
windmill

Energy Ministry sees 96% of private-sector energy investment going toward renewables

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While the private sector accounts for a minority of energy capacity production, its strong emphasis on renewables aligns with the government's emerging priority of energy diversity.
Yongmaotai logo

Shanghai-based Yongmaotai announces US $63M auto parts plant in Coahuila

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Yongmaotai said in July that the investment in Mexico will "help reduce the adverse effects of changing international tariff policies" on the supply chains of its clients in Europe and the United States.
Grupo Bimbo

Made in Mexico: Bimbo bread

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The world's biggest bakery has its fingers in a lot of pies, and on the pulse of what Mexicans value most.
cars for export

Mexico is now the leading exporter of electric vehicles to the US, surpassing Japan and South Korea 

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Mexico exported some 145,000 electric vehicles to the U.S. last year, mainly models by General Motors, Ford, Stellantis and Toyota, tripling the number of U.S.-bound exports from the previous year.
aftermath of murder in Culiacan

Sinaloa foreign direct investment plummets amid cartel turf war

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Federal data tells a clear story: FDI dropped 87% during the first six months of 2025. But Sinaloa state officials say business confidence is high, and Moody's seems to agree with them.
staff in front of electric transport vehicle

Electric trucks to haul cargo from Monterrey to Laredo starting in November

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A private company has developed a transport route for its state-of-the-art electric vehicles to cleanly haul cargo from Monterrey into the U.S.
Citibank logo on a glossy building

Citi rejects Grupo México’s US $9.3B offer to buy Banamex

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On Monday, Citi said that it remained "committed to realizing the full value of Banamex for our shareholders, and the agreement we announced with Fernando Chico Pardo ... continues to be our preferred path to delivering that outcome."
Salesforce logo on a building

Salesforce announces investment of US $1B to accelerate AI adoption in Mexico

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“This $1-billion investment is a commitment to Mexico as a key market for AI-powered growth,” Salesforce CEO Marc Benioff said.
a heavy-duty truck going down the highway

Trump expands 25% truck tariff to include medium-duty vehicles, moves date to Nov. 1

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The president of the United States initially said that a 25% tariff on heavy-duty trucks — but not medium-duty trucks — would take effect on Oct. 1. President Sheinbaum said on Tuesday that she would negotiate a carve-out for Mexico.
Banamex building

Grupo México seeks to acquire up to 100% of Banamex from Citigroup

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It's the conglomerate's second attempt to gain full ownership. A complication this time is that another mogul, Fernando Chico Pardo, has officially offered to buy 25% of the bank.