Automotive & Transportation
Just-auto - KYB has announced the construction of a plant for a new KYB subsidiary in Mexico that will produce hydraulic pumps used in continuously variable transmissions (CVTs). The main customer will be Jatco, which recently announced expansion plans for Mexico.
ENP Newswire - GE Capital Aviation Services Limited, the commercial aircraft leasing and financing arm of GE, announced it has signed a purchase-and-leaseback transaction with Volaris for seven new Airbus A320 aircraft.
Bloomberg - Mexican production of cars and light trucks increased 19.8 percent in January from the year earlier, the country’s automobile industry association said. Production totaled 242,855 automobiles. Exports climbed 14.2 percent.
USAToday - Volkswagen says it will begin producing the Golf subcompact for North and South American markets in an updated Puebla factory early next year. That means U.S. buyers can expect the Golf, sometimes called G7, in the first half of 2014.
Financial Times - ABC Aerolineas, operator of Interjet, says it is planning an initial public offering in September. Mexico’s second-biggest airline is in a vigorous expansion phase as it looks to cover demand from the rapidly expanding middle classes.
Reuters - Mexico announced a relaxed fuel-efficiency rule for locally sold cars as it seeks to alleviate the concerns of automakers that have filed legal challenges that could derail the country's efforts to curb carbon emissions.
WardsAuto - Auto production in Mexico in December slid 1.1 percent to 188,476 vehicles, weighed down by a 7.6 percent drop in output for export that more than offset a 28 percent jump in domestic-market builds.
Reuters - Mexico's Grupo Aeroportuario del Pacifico said on Thursday it will appeal a judge's decision that overturns an injunction preventing brokers from buying its shares on behalf of copper miner and railroad operator Grupo Mexico.
AFP - Volkswagen, Europe's biggest carmaker, inaugurated late on Tuesday a new engine production site in Silao, Mexico, its 100th manufacturing site worldwide. The factory represents an overall investment of $550 million.
PostBulletin.com - Automotive supplier Federal-Mogul Corp. is moving 100 jobs from its Michigan plant to its plant in Puebla, Mexico. The company has been manufacturing the same piston in both Lake City and Puebla and has decided to consolidate the work.