MND_BUSINESS
Brazilian manufacturer, facing 50% US tariffs, looks to invest in Mexico
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.
Ebrard: Mexico ‘90% done’ with US tariff negotiations as Oct. 29...
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.
British fintech Revolut granted banking license in Mexico
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.
Is your city next? Costco reveals where it plans to open new stores in...
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.
Mexico’s first green hydrogen plant opens in Querétaro
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.
Irish whiskey makers set their sights on Mexico’s ‘incredible’ growth potential
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.
Energy Ministry sees 96% of private-sector energy investment going toward renewables
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.
Shanghai-based Yongmaotai announces US $63M auto parts plant in Coahuila
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.
Made in Mexico: Bimbo bread
The world's biggest bakery has its fingers in a lot of pies, and on the pulse of what Mexicans value most.
Mexico is now the leading exporter of electric vehicles to the US, surpassing Japan and South Korea
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.
Sinaloa foreign direct investment plummets amid cartel turf war
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.
Electric trucks to haul cargo from Monterrey to Laredo starting in November
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.
Citi rejects Grupo México’s US $9.3B offer to buy Banamex
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 announces investment of US $1B to accelerate AI adoption in Mexico
“This $1-billion investment is a commitment to Mexico as a key market for AI-powered growth,” Salesforce CEO Marc Benioff said.
Trump expands 25% truck tariff to include medium-duty vehicles, moves date to Nov. 1
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.
Grupo México seeks to acquire up to 100% of Banamex from Citigroup
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.