Sentido Comun – General Motors has signed a purchase agreement for wind energy with Enel Green Power, allowing it to add 34 megawatts of renewable energy to their production complexes in Mexico.
Reuters – Grappling with tumbling auto sales and weak economic growth, Brazil wants to renew an auto quota pact with Mexico that is set to expire in March, a move that could stoke trade tensions.
Auto trade between the two was then supposed to be fully liberalized, but Brazilian officials are now looking to extend the pact to avoid unlimited competition from Mexico.
A record 266,424 automobiles were produced in Mexico in January, up 6.8 percent from the same month in 2014, the Mexican Automotive Industry Association, or AMIA, said.
The growth in automobile output “was bolstered by the plants that started operations last year” in Mexico, the AMIA said in a statement.
A total of 103,697 light vehicles were sold last month, a figure that was up 21.3 percent from January 2014.
The automotive industry in January experienced “the best level in history for exports of light vehicles in one month, exporting 204,907 vehicles, with 15.2 percent growth,” the AMIA said.
Exports to Asia and Canada grew strongly, rising 35.8 percent, compared to the 2014 figures for both regions.
Sales to Europe and the United States grew 15.3 percent and 13.7 percent, respectively, while exports to Latin America and Africa fell 25.5 percent and 13.5 percent, respectively.
Sentido Comun – Nissan Mexicana said it increased its domestic sales by 26.6 percent in January, the best result in sales for that month in the history of the company.
Bloomberg – Half a dozen auto factories have sprung up or been announced for central Mexico’s industrial belt in the past five years, contributing to a nationwide $20 billion investment by global automakers eager to establish ready access to the U.S. market.
Mexican vehicle exports are expected to rise to a record 2.9 million in 2015, with more than 70 percent of the cars and light trucks headed to the U.S.
Reuters – Japanese automaker Nissan will begin producing the sixth generation of its Frontier pickup in Mexico. The new model is mostly for the domestic market.
El Economista – According to estimates by the National Chamber of Industry of Iron and Steel (Canacero), steel use in construction of public works will increase 5.2 percent and 7.1 percent in auto manufacturing in 2015.
Sentido Comun – Nissan Mexicana said that in 2014 the company became the largest exporter of vehicles worldwide, driven by the start of operations of its production plant in Aguascalientes.
Financial Post – The head of Ford Motor Co.’s operations in the Americas indicated Wednesday that both government support and labor costs played into the company’s decision to locate a new engine program in Mexico rather than Ontario.
El Economista – By 2020, Mexico will produce nearly a third of the automotive market in North America with more than five million units, growing from a 19 percent share to over 27 percent.
WSJ – Enjoying a strong tug from the growing U.S. economy, Mexico’s automotive industry logged record production and exports last year and expects output to rise further in 2015, industry officials said Thursday.
The auto makers produced more than 3.2 million vehicles, a nearly 10 percent increase over 2013, and exported 82 percent of them—overwhelmingly to U.S. consumers—said Eduardo Solis, executive president of the Mexican Automotive Industry Association.
Plastics News – Driven by surging Mexican factories, North American light-vehicle production for 2014 is headed for the second-highest level on record by the time the final numbers are counted.
AutoBlog – Just 11 months since production began, Mazda de Mexico has put together its 100,000th vehicle – in this case a Mazda2 hatchback headed for Europe.
America Economia – A Ministry of Economy source confirmed that Toyota Motor Corp. will announce its plans for a new auto plant in Mexico in the first quarter of 2015.
Reuters – Nissan Motor Co. has ordered the recall of more than 80,000 vehicles sold in Mexico to check for potential defects stemming from air bags made by Japanese company Takata Corp.
Detroit News – General Motors Co. said Thursday it will invest $5 billion in Mexico over six years, dating from 2013 through 2018, and will add 5,600 new jobs in the region.