Automotive & Transportation

Automotive & Transportation

Train project fails to get bidders

Reuters - A major train concession to connect the Mexican capital to outlying areas failed to attract any bidders on Thursday as interested companies, including Mexico's top builder ICA, were unable to obtain financing, the government said.

Insurer Qualitas expects growth next year

Dow Jones - Mexico's largest auto insurance company, Qualitas Compania de Seguros, expects to post modest sales growth in 2010 after a recession hurt business this year. Qualitas premiums will probably grow in low single digits as a recovery in the economy boosts domestic vehicle sales.

Dana Corp. sells vehicle frame unit to Metalsa

The Detroit News - Michigan's Dana Holding Corp. has signed an agreement to sell its global Structural Products business to Metalsa, Mexico's largest vehicle frame and structures supplier. The purchase price is $150 million. The operations being sold generated about $695 million in revenue in 2008.

Operations at Toluca airport increase 4,000% -  Operations at the Toluca International Airport have grown 4,000 percent over the past 3 years. According to Enrique Peña Nieto, governor of the State of Mexico, it is the second most technologically advanced in Latin America.

Chevrolet Cruze is launched in Mexico

Sentido Comun - General Motors de Mexico has launched in Mexico the Chevrolet Cruze 2010, which has manual transmission, a 1.8 L engine four-cylinder power of 138 horsepower and five-speed transmission as well as an audio system with radio, CD player, MP3 and iPod input.

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.

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