Monday, May 5, 2025
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MND_NEARSHORING IN MEXICO

A Unilever logo at the entrance of an office

Unilever announces US $1.5B investment to complete Nuevo León factory and...

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The company plans to produce Dove, Rexona and Sedal personal care products at the Monterrey-area factory.
The World Bank globe logo on a grey building

World Bank cuts growth forecast for Mexico, predicting economic stagnation

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Despite progress on poverty reduction, the World Bank predicts trade uncertainty will limit Mexico's economic growth this year.
GM EV

GM: ‘No plans’ to move production of EV models out of...

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GM's director of EV operations in Mexico said there are no plans to alter the list of EV models produced at the company’s factory in Coahuila, which makes the Equinox, Blazer and Cadillac Optic.
The words Fitch Ratings on an office building

Fitch affirms Mexico credit rating but predicts recession for this year

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Though Fitch predicted tariffs and a U.S. slowdown would hurt Mexico's economy this year, the outlook for 2026 is brighter.
Why is a rethink of the Mexican economy necessary?

In the wake of Trump’s tariff chaos, Mexico’s economy needs a rethink: A perspective from...

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What would a rethink of the Mexican economy look like? CEO Travis Bembenek lays out the best-case scenario for Mexico in three parts.
Honda

Honda denies plans to shift Mexico, Canada production to US despite tariff rumors

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On Tuesday, Japanese newspaper Nikkei reported that Honda was considering relocating some vehicle assembly from its plants in Mexico and Canada to the U.S.
Mexico-U.S. relations

In the wake of Trump’s tariff chaos, Mexico’s economy needs a rethink: A perspective from...

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What would a rethink of the Mexican economy look like? CEO Travis Bembenek lays out the best-case scenario for Mexico in three parts.
U.S. President Donald Trump smiles from behind a podium

Tariff turmoil: Chronicle of a chaotic day in Washington

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After sending mixed messages on Wednesday, the White House has clarified the most recent round of tariffs won't apply to Mexico.
A white Jeep with the logos of Dodge, Ram and Jeep - all Stellantis brands - in the background

Stellantis to pause production on some models amid auto sector shake-up

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While some automakers hit the brakes on production in Mexico, some foreign manufacturers are eyeing Mexico's free trade tariff exemptions.
BYD charging station

FT: China is withholding approval for BYD’s Mexico plant due to tech concerns

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Sources cited by The Financial Times revealed that Chinese EV company BYD sees Mexico’s allegiance to the U.S. as a potential dealbreaker in its nearshoring plans.
An aerial shot of an industrial park in San Miguel de Allende, Mexico

How is Mexican industry doing? Our CEO visits his local industrial park to find...

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To see what's really going on with the Mexican economy, Mexico News Daily CEO Travis Bembenek takes a look under the hood at the San Miguel industrial park.

US tariffs on Mexican steel and aluminum go into effect

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Beyond impacting Mexico's metals sector, the 25% tariffs will tax a wide range of products containing steel and aluminum — everything from auto parts to furniture.
President Claudia Sheinbaum and Donald Trump

Trump delays Mexico tariffs after ‘excellent and respectful’ call with Sheinbaum

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"Our relationship has been a very good one, and we are working hard, together, on the Border," Trump wrote in reference to his Mexican counterpart.