Automotive & Transportation

Automotive & Transportation

Trucking industry grows 73.1% in November

El Semanario - Mexico's commercial trucking industry saw a spike of 73.1 percent in November in the manufacture and export of vehicles, reports the National Association of Manufacturers of Buses, Trucks and Tractors (ANPACT).

GAP gains credit line to expand four airports

El Semanario - Grupo Aeroportuario del Pacifico (GAP) has been granted a credit line of 651.4 million pesos ($50 million) from Banamex and HSBC to expand its airports at Guadalajara, Puerto Vallarta, Hermosillo and Guanajuato.

Car production rises 2.9% for first time this year

CNNExpansion - Mexican car production rose 2.9 percent on an annual rate in November, its first increase in a difficult year that has lowered the demand for vehicles. Car makers produced 176.655 cars in November compared to 171.750 in the same month in 2008.

Tradeco group wins bid for Manzanillo LNG rail line

Sentido Comun - Tradeco Infrastructura, together with companies in the Technical Innovations Foundation, Unión Presforzadora and Promotora y Desarrolladora Mexicana, won the bid to build the rail line at the LNG regasification terminal at Manzanillo.

Passengers at OMA airports decrease 10.9 percent

Sentido Comun - Grupo Aeroportuario del Centro Norte, or OMA, the smallest of the three airport operators listed on the stock exchange, reported a 10.9 percent drop in passenger traffic at its 13 terminals during the month of November compared with the same month of 2008.

GAP airports see 2.9% fewer passengers in November

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.

Mexico hopes to gain investment at Shanghai Expo 2010

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.

Volvo hopes to increase sales in Mexico

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.

Aeromexico expects 5% passenger rise in 2010

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.

Volaris starts service between Zacatecas and Los Angeles

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.

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