Automotive & Transportation
Automotive News - Chrysler Group expects steady growth in Canada and Mexico over the next five years as the influence of Fiat helps produce cars that are better suited to consumers in those nations.
Sentido Comun - Grupo Aeroportuario del Pacific, or GAP, announced that it has reached agreement with all airlines that use its air terminals to collect the fee for airport use, or TUA, when issuing airline tickets.
El Economista - Japanese Ambassador to Mexico Masaaki Ono announced that two new auto parts plants will being operating in Mexico with Japanese investment. He did not name the companies but siad they will be located in Leon and Monterrey.
Reuters - Mexican airport operator Grupo Aeroportuario del Pacifico on Tuesday posted an 18 percent fall in third-quarter net profit as it continues to suffer from the effects of the swine flu epidemic earlier this year and a slow economy.
El Semanario - Aeromexico and Mexicana hog 65 percent of the airline market, increasing their share of scheduled flights by 8.9 percent in September. If they maintain that share for the rest of the year, the two firms would have an income of about $4.5 billion.
Reuters - Mexican airport operator Grupo Aeroportuario del Sureste, known as Asur, posted a 27 percent year-on- year drop in net profit in the third quarter, as the H1N1 flu outbreak and economic slump led fewer people to travel.
Maquila Portal - Brazilian auto parts manufacturer Samot has inaugurated a new plant in Guanajuato, and Japanese electronics company Hitachi Cable, which manufactures auto brake systems, inaugurated a factory in Queretaro.
Sentido Comun - Grupo Aeroportuario del Sureste, the company that operates nine airports in southeastern Mexico, opened its second runway at Cancun International Airport. The company expects to double its passenger traffic capacity at Cancun to 28 million people a year.
Sentido Comun - The National Association of Manufacturers of Buses, Trucks and Tractors has asked the secretaries of Finance and of Communications and Transportation to extend the modernization program, or cash for clunkers program, for heavy truck transportation.
CNNExpansion.com - Mexicana airlines signed a loan for 1 billion pesos ($77.6 million) from Bancomext to address financial problems caused by the flu outbreak this spring. The company put up as collateral 320 new aircraft and land located in Tuxpan, Veracruz.