Associated Press — Mexican cement giant Cemex says it pared its losses to $26 million in the first quarter of 2012 compared to a $229 million loss in the same time period last year. Sales increased in the first quarter to $3.5 billion.
Bloomberg - Volkswagen is set to approve building an Audi factory in Mexico to bolster the brand’s pursuit of Bayerische Motoren Werke (BMW). Volkswagen’s supervisory board will vote tomorrow on plans for the plant.
Financial Times - Volkswagen’s car plant in Puebla is North America’s largest, busier than any in the US Midwest or deep south. But for anyone expecting to see a low-cost operation, this is no cheap maquiladora. The plant follows VW’s global best practices.
Bloomberg - Mexican production of cars and light trucks rose 9.4 percent to 268,625 units in March from the year-earlier period, the nation’s Automobile Industry Association reported. Exports climbed 22.7 percent to 236,599 units over the same period.
Reuters - German car maker Audi reportedly has won the backing from parent Volkswagen to build a new plant in Mexico, German magazine Der Spiegel reported, citing no sources. The new factory will build Audi's Q5 sport-utility vehicle from 2015.
Reuters - A leading index of Mexico's manufacturing sector fell in March, a report on Monday showed, but the barometer still points to growth ahead. The Mexican economy is expected to grow 3.43 percent this year.
Business Wire - Steel Technologies has secured land in the municipality of Celaya to construct its recently announced flat-rolled steel processing operation. Construction begins this month, and the facility is expected to be operating by the end of the year.
Plastics News - Austrian injection press and auxiliary equipment maker Wittmann Battenfeld is expanding its Mexico headquarters, adding a technical and training center to keep pace with an expanding business portfolio.
Dow Jones - Ford Motor Co. will invest $1.3 billion in its Mexico operations in Hermosillo to build the new generation of one of its most-popular models, the midsize Ford Fusion, company officials said Friday.
Sentido Comun - The National Council of Maquiladora and Export Manufacturing expects the industy's exports to grow about 12 percent in the first quarter. Last year, manufactured exports generated more than $170 billion.