News

Texas-Based Exxon Mobil Loses US$1 billion due to COVID-19

TEXAS – Two American oil giants lost more than US$9 billion in the second quarter as the coronavirus pandemic kept households on lockdown, cutting a gaping hole into a once-thriving business as the need for oil diminished Irving-based Exxon...

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Motor Car Parts to invest US$200 million in Baja California

TIJUANA –  The US company Motor Car Parts de México (MPA), a leader in automotive components, will invest US$200 million in the expansion of its plants in Tijuana, announced Mario Escobedo, minister of Sustainable Economy and Tourism...

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Manufacturing received 78.9% of FDI in Chihuahua

CHIHUAHUA – According to figures from the federal Ministry of Economy, in the state of Chihuahua the income from Foreign Direct Investment (FDI), in the first 6 months of the year, was mainly destined to the manufacturing sector, with 789% of the...

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Becton Dickinson invests US$9 million in Sonora

SONORA – Becton Dickinson (BD), a global medical technology company, announced the start of operations of its new manufacturing plant in Hermosillo, Sonora, in which it has invested US$9 million and expects to generate around 1,400 direct...

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Railroad blockade ends in Sonora

SONORA – Finally, the blockade that stopped rail traffic in Sonora ended, affecting Ferromex, the concessionaire of this route This blockade, which began in early August, kept about 83,500 tons of imports and exports stopped This translates...

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Commerce sector maintains recovery in Nuevo Leon

NUEVO LEON – During June, the income of retail commercial companies in Nuevo Leon maintained the monthly growth trend registered in April, by registering an increase of 55% compared to May, according to the report of the sector released by...

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Global Impact of COVID-19 on the Future of Mobility: Steps to Prepare for New Normal

GlobalAutoIndustrycom’s latest Audio Interview “Global Impact of COVID-19 on the Future of Mobility: Steps to Prepare for New Normal” features Yednesh Parnaik  Mr Parnaik is a Global Director at Lear Corporation He is responsible for...

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US$8.6 million are invested in Tamaulipas

TAMAULIPAS – With an investment of US$86 million, the government of Tamaulipas will build the elevated tank located in Colinas de San Gerardo to guarantee water service to 290,000 inhabitants of Tampico and Madero The governor of the state of...

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Yaqui Tribe lockout could lead to higher unemployment in Sonora

SONORA – Due to the blockade of federal highway number 15 on railroads, which is maintained by groups of the Yaqui ethnic group, there is a risk of job loss, which could impact Sonora even more Arturo Fernandez Diaz-Gonzalez, president of the...

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U.S. boosts employment in Juarez

CIUDAD JUAREZ – The economic growth of the industrial sector in the United States boosted the maquiladora industry and thus employment in Ciudad Juárez During last July the town generated 8,334 formal jobs, 60% of the 13,960 positions...

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