Automotive & Transportation
Sentido Comun - Grupo Aeroportuario del Pacifico said that the number of passengers who visited its air terminals fell 2.9 percent in November over the same month last year. The decrease was the 20th in a row since May 2008.
El Economista - With the construction of a pavilion and a budget of $20 million, Mexico hopes that its presence at Shanghai Expo 2010 will encourage Chinese investment in Mexico, particularly in food and beverages, automotive ventures, infrastructure, mining, tourism and renewable energy.
El Economista - In a celebration marking 10 years in Mexico, the Swedish vehicle manufacturer Volvo announced it hopes to increase sales in the country by selling 3,500 cars by 2011 after a 40 percent contraction this year.
Dow Jones - Aeromexico expects its passenger traffic to grow by about 5 percent in 2010 after falling 3 percent this year amid the global economic crisis and local A/H1N1 influenza outbreak. Aeromexico, together with low-cost subsidiary Aeromexico Connect, posted passenger traffic of 10.5 million in 2008.
El Semanario - Volaris, the fifth largest commercial airline in Mexico, has begun direct service between Los Angeles and Zacatecas. Flights to and from the airports will be offered every Tuesday, Friday and Saturday.
Maquila Portal - Izuza is investing $620,000 to expand its network of dealerships in Mexico with 27 new outlets. Those in Hidalgo, Tijuana, Acapulco and La Paz have opened. Others are planned in Celaya, Merida, Villahermosa, Cuernavaca and elsewhere.
Maquila Portal - The electric car company Zilent started operations in Chiapas, planning to sell 3,000 of the environment-friendly, state-of-the art, 100 percent electricity-powered vehicles in the state.
El Semanario - Carlos Slim's construction company Ideal plans to build an 800-million-peso ($62.14-million) multimodal passenger terminal and mall at one of the Mexico City Metro stations. The mall will include space for shops and movie theaters.
El Semanario - Industry representatives are calling for an investigation of and, if necessary, punative measures against the Chinese automaker FAW for cancelling plans to build the car with Elextra, a project touted by President Felipe Calderon.
El Semanario - The project under which Electra was taking part in to manufacture the Chinese car FAW in the state of Michoacan has been canceled. Elextra subsidiary Banco Azteca blamed the cancelation on changing market conditions.