Zacks – Magna International Inc. has opened a new greenfield facility, Autotek Morelos, in Emiliano Zapata, Morelos. The facility will be used for the assembly of automotive chassis products.
Sentido Comun – Grupo Industrial Saltillo has established an alliance with Fagor Ederlan, to build a new plant that will produce iron automotive components. The location of the $52 million factory has not been disclosed.
By Yemeli Ortega / AFP
Mexican authorities have rescued 129 workers, including six children, who said they were exploited and physically and sexually abused at a garment factory run by South Koreans.
Four South Korean nationals have been handed over to prosecutors in the western state of Jalisco after workers identified them as the owners or managers of the company named Yes International, the National Migration Institute (INM) said.
Authorities raided the company in the town of Zapopan on Wednesday after receiving an anonymous tip, INM coordinator Ardelio Vargas Fosado told reporters, describing the South Koreans as a “gang of suspected human traffickers.”
Reuters) – Mexican industrial production rose in November at its slowest pace in two months, as a dip in mining and utilities dragged on an expansion in the construction and manufacturing sectors.
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.
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.