Automotive & Transportation
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.
NPR - A U.S. program that offers trusted trucking companies speedy passage across American borders has begun attracting just the sort of customers who place a premium on avoiding inspections: Mexican drug smugglers.
Maquila Portal - Aerolineas Ejecutivas inaugurated the first specialized hangar in at the Aeropuerto Internacional del Norte at Monterrey, which with a $22.8 million investment will provide factory support for jets and turbo airplanes.
Edmunds Inside Line - Hyundai is getting closer to pinpointing a location for its third North American assembly plant, and it's expected to be coming to Mexico. It is part of the company's ambitious plan to triple its footprint in North America within four years.
Reuters - World No. 1 seatbelt and airbag maker Sweden's Autoliv said on Tuesday it would buy the North American airbag, seatbelt and steering wheel assets of U.S. auto parts maker Delphi for an undisclosed sum. Autoliv said the assets included Delphi's steering wheel operations in Matamoros, Mexico.
Maquila Portal - Ford will officially inaugurate their second engines plant in Chihuahua next Tuesday to produce diesel engines for light and medium trucks. The foactory is part of the $3 billion investment the company announced last May.