Automotive & Transportation
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.
Maquila Portal - International Navistar plans to increase its production in Escobedo of buses and trucks, including the Prostar that will enter the Mexican market, by 50 percent next year to reach 30 thousand units.
Maquila Portal - Japanese carmaker Isuzu plans to open four more dealerships in Mexico, to reach a total of 31 by the end of the year. This week, it will open dealerships in Pachuca, Hidalgo and Merida and soon will open dealerships in Cuernavaca, Morelos and Villahermosa.
El Economista - The Mexican automotive industry in October recorded an 18.5 percent drop in domestic sales of vehicles, a 13.5 percent decrease in production and a 13 percent reduction in exports compared to the same period last year.
El Economista - Car dealers in the country are set to increase vehicle prices for next year, especially on imported models, but the increases will be determined by the behavior of the domestic market, said the president of the Mexican Association of Automobile Dealers (AMDA), Jose Gomez Baez.
El Semanario - Grupo Mexicana de Aviacion, which controls Mexico's second largest commercial airline, has joined the Oneworld alliance, which includes 10 other airlines and will increase its destinations from 67 to 700 worldwide destinations.
Sentido Comun - Grupo Aeroportuario del Centro Norte reported a 12.4 percent drop in passenger traffic at its 13 terminals during the month of October, compared with the same month of 2008. The fall is the 16th consecutive drop but the lowest in a year.
El Semanario - Due to financial problems, Japan Airlines (JAL) announced it will eliminate its Tokyo to Mexico City flight via Vancouver, Canada, and close its offices in Mexico City.