Automotive News - Audi purchasing chief Bernd Martens said the planned factory in San Jose Chiapa, Mexico, will buy 90 percent of its components from local sources in six years. So far no other Audi location has done that.Automotive & Transportation
KYB to build plant in Mexico to build hydraulic pumps
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.
www.just-auto.com/news/kyb-to-build-plant-in-mexico-to-produce-hydraulic-pumps_id131462.aspx
GE Capital signs deal with Volaris for 7 Airbus
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.
Vehicle production rose 19.8 percent in January
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.
www.bloomberg.com/news/2013-02-07/mexico-auto-production-rose-19-8-in-jan-amia-says-correct-.html
VW making next generation Golfs in Puebla next year
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.
www.usatoday.com/story/money/cars/2013/01/25/vw-golf-g7-mexico/1863635/
Interjet plans to offer IPO in September
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.
blogs.ft.com/beyond-brics/2013/01/24/mexicos-interjet-ipo-back-on-runway-only-bigger/#axzz2IzlesAv7
Mexico relaxes fuel-efficiency rule to quell legal threat
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.
www.trust.org/alertnet/news/mexico-relaxes-fuel-efficiency-rule-to-quell-legal-threat
Auto production slides 1.1 percent in December
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.
wardsauto.com/plants-amp-production/mexico-production-sales-down-december-2012
Airport operator GAP to appeal ruling on Grupo Mexico
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.
www.reuters.com/article/2013/01/17/mexico-gap-idUSL1E9CH7JA20130117
Volkswagen inaugurates engine factory in Silao
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.
Federal-Mogul shifts all piston work to Puebla
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.
