By Elisabeth Behmann
BMW plans to invest about $1 billion in a new factory in Mexico, catching up with its German competitors in manufacturing luxury cars in the Latin American country, a person familiar with the matter said.
BMW’s second plant in North America will produce about 150,000 cars a year when production starts by 2019, said the person, who asked not to be identified before an official announcement.
The factory will be located in San Luis Potosi, 250 miles northwest of Mexico City, and will employ about 1,500 people, the person said.
BMW will release details of a decision today, Mathias Schmidt, a spokesman for the Munich-based company, said by phone, declining to comment on the plans.
The maker of BMW, Mini and Rolls-Royce vehicles is the last of the world’s top three luxury-car makers to outline plans to build vehicles in Mexico, where labor costs are about 20 percent of U.S. levels.
Daimler's Mercedes-Benz last week announced plans to produce autos jointly with Nissan’s upscale Infiniti unit starting in 2017 in Aguascalientes. Vollkswagen’s Audi plans to start assembling sport-utility vehicles in San Jose Chiapa in 2016.
A new documentary by Fusion tells the story of Tenancingo, Mexico — just a few hours south of Mexico City. Tenancingo is in the Mexican state that is the single largest source of sex slaves who are sent to the U.S., according to the U.S. State Department.
Fusion’s documentary, “Pimp City: A Journey to the Center of the Sex Slave Trade,” takes place on both sides of the border: in Tenancingo and in Queens, New York. Many of the women taken in Tenancingo wind up working in Queens.
Among those interviewed by the Fusion team are a woman named Miranda, who was taken as a 14-year-old in Tenancingo by a local man who forced her to become a sex slave, and a Tenancingo man now in prison for trafficking, who explains how he got into the business.
The leader of one of the first vigilante movements to spring up in Mexico last year filed a petition Tuesday demanding that the government allow communities in the southern state of Guerrero to elect local officials with open assemblies and show-of-hand votes.
Vigilante leader Bruno Placido said the petition filed with the Federal Electoral Tribunal asks specifically that the collective-vote system be allowed in the town of San Luis Acatlan. But Placido said his People's Union movement would push for the system to be adopted in all 27 townships where vigilante forces known as "community police" now operate.
The system known as "usage and customs" forbids traditional campaigning and political parties. It currently is practiced in about 420 indigenous towns and villages, almost all in southern Oaxaca state.
Its adoption in non-Indian or mixed towns in Guerrero would mark a significant expansion. To date, its only use outside Oaxaca has been by rebellious Indian towns in Chiapas state and a lone Indian township in the western state of Michoacan, where a vigilante movement also exists.
Placido said the open-vote system would help keep drug gangs and violent crime out of the communities because current election procedures can put politicians in the pocket of drug gangs that finance their campaigns.
"The crime gangs are fomented by the politicians. When they campaign, they are financed with illicit funds, and when they get in, they are controlled by criminal funds," Placido said. "What we are proposing to do is to get rid of this practice, in which the criminals name the authorities."
By Graham Watson / Yahoo Sports
Dutch striker Arjen Robben was two things on Monday — honest (or so he claimed to be) and unapologetic.
Robben admitted he took a dive during the first half of Sunday’s controversial 2-1 win against Mexico, but maintained that he did not dive during the decisive call that gave the Dutch a game-winning penalty kick in the waning moments of the contest.
FIFA announced Monday that Robben would face no sanctions for his admitted diving, which FIFA head of media Delia Fischer said was something that should have been identified and handled by the referee during the match.
Robben even laughed at the idea of a possible FIFA sanction when he was asked about it during a news conference Monday.
By Edward Taylor and Dave Graham
Germany's BMW will unveil this week plans to build a new factory in Mexico, a government official said, as company seeks to meet growing demand for premium cars.
News of the factory comes just days after BMW's German rival, Daimler, announced similar plans, and adds to a growing list of companies plowing money into car making in Mexico.
Speaking on condition of anonymity, the Mexican official said the plant would likely amount to an investment of at least 1 billion euros ($1.36 billion) and would be located either in Hidalgo state north of Mexico City or San Luis Potosi in central Mexico.
A spokesman for Munich-based BMW said earlier on Monday that "a decision will be made public" on July 3. BMW declined to comment further.
Supplier sources said BMW had already mapped out a production timetable for Mexico, with a tentative plan to begin assembly in late 2017, ramping up annual capacity to 200,000 by 2020.
Paint and coatings maker PPG Industries is buying Consorcio Comex for $2.3 billion to help bolster its architectural coatings presence in Mexico and Central America.
Comex makes coatings and related products in Mexico and sells them in Mexico and Central America. Pittsburgh-based PPG makes coatings, specialty materials and glass products.
Privately held Comex, based in Mexico City, had 2013 sales of about $1 billion. Its brands include Effex, Texturi and its namesake. Comex has eight manufacturing plants and six distribution centers.
The transaction may take four to six months to complete.
By Sid Lowe / The Guardian
Mexico manager Miguel Herrera demanded that the Portuguese referee Pedro Proença should be sent home after he gave Arjen Robben an “invented” penalty that put Holland through to the quarter-finals.
Herrera insisted the referee was responsible for his team’s exit, questioned why a European official was taking charge of a game involving a European team and insisted that his side had suffered “disastrous” officiating in three of their four World Cup games.
Herrera described Robben’s last-minute tumble as his “third dive” of the game and said that the referee could have prevented that from even happening by booking him for one of the previous two. Robben reportedly said that the referee was right to give the penalty but admitted that the first fall was a dive and apologised for it, calling it “awful and stupid”.
Herrera said: “The penalty was invented. I hope the referees’ committee looks at the decision and that he, like us, goes home. We’re leaving [the World Cup] because of the fact that the decision to stay was not in our hands. If they have a conscience, he should not take charge of another game at the World Cup.”
Herrera said that his team had been victims throughout the tournament. “In three of the four games, the refereeing has been disastrous,” he said.
“In four games, three of them had tendentious refereeing. Against Cameroon we were denied two goals, there were two penalties in the same move [denied] against Croatia, and today he conditioned the game all the way through with favours [to Holland] and then he invented a penalty that was so big.
“Every doubtful decision went against Mexico. ... You can play the advantage, good, but then the difference between a good referee and an average one is the good one goes back and books him. If he dives again he gets sent off.”
By Mike Tierney / Los Angeles Times
Mexico goalkeeper Guillermo Ochoa had provided a few more clips for his highlight reel of saves. If the darlings of the World Cup could keep winning, as it seemed they would with a one-goal lead entering the 88th minute, the reel might become as long as a full-length feature film.
But the Netherlands drew even on a shot that not even the incomparable Ochoa could forbid, then went ahead soon after on a penalty kick to pull a 2-1 win out of the hat.
When the final whistle sounded, the Mexicans dropped to their knees -- less, presumably, from exhaustion caused by the conditions than heartbreak. Six straight times they have reached the Round of 16, and six times they have been eliminated at that stage.
Mexico's economy will continue to recover during the rest of this year, but the situation in international markets poses risks, the Financial System Stability Council, or CESF, said.
Foreign demand and the federal government's stimulus policies should help bolster the recovery in the wake of first-quarter gross domestic product growth that came in lower than expected, the CESF said in a statement.
Demand in developed countries has given a boost to Mexico's economy, but "signs of relative weakness persist," the CESF, whose members are the heads of Mexico's main economic organizations, said.
Monetary policy in the main developed economies is likely to experience "gradual" normalization, the CESF said.
Investors' outlook for monetary policy "has contributed to low volatility" in the financial markets and "encouraged capital flows to return to emerging economies," the council said, referring to the low interest policies adopted by many central banks around the world.
Mexico's GDP grew 1.8 percent in the first quarter, compared to the same period in 2013, a figure that was well below expectations.
The government has revised its economic growth forecast for this year downward from 3.9 percent to 2.7 percent.
Mexico's economy grew just 1.1 percent in 2013 due to a strong deceleration in the first half of the year.
By Karla Villegas Gama / Bleacher Report
The moment of truth is here. Mexico coach Miguel Herrera managed to plan the perfect strategy for the group stage and now he needs another one to stop Netherlands stars Robin van Persieand Arjen Robben.
El Piojo has amazed the world with his wit and flamboyant personality, but on the pitch he has done some sort of miracle with El Tri, as he changed the team's performance in just seven months.
Mexico barely qualified for the World Cup. The draw, held in December, was overwhelming, as Mexico found out that they had to face the host, Croatia and Cameroon.
Despite all, Herrera figured out the perfect starting XI for the three matches and he secured seven points with a 2-1-0 record.