AFP - Volkswagen, Europe's biggest carmaker, inaugurated late on Tuesday a new engine production site in Silao, Mexico, its 100th manufacturing site worldwide. The factory represents an overall investment of $550 million.
PostBulletin.com - Automotive supplier Federal-Mogul Corp. is moving 100 jobs from its Michigan plant to its plant in Puebla, Mexico. The company has been manufacturing the same piston in both Lake City and Puebla and has decided to consolidate the work.
Quartz - Mexico is becoming a favorite for manufacturers, but despite above-average growth, there’s still a lot of ground to make up for Mexico when it comes to finding economic advantages over competitors like China, Indonesia and Costa Rica.
Nasdaq - Mexico's industrial production probably rose less in November than the average for most of 2012 on signs of some cooling in the export-oriented manufacturing sector, analysts said.
Left Lane - Audi's next-generation Q5 crossover will begin emerging from a new assembly plant in Mexico in May of 2016, the automaker has confirmed. Groundbreaking of the new plant, Audi's first in North America, will kick off in 2014.
CNW - Mazda Motor Manufacturing de Mexico, a joint venture of Mazda Motor Corp. and Sumitomo Corp, announced that production capacity at its plant under construction in Salamanca will be increased in the fiscal year ending March 2016.
Rubber News - Tokai Rubber Industries Ltd. has formed two joint ventures with Germany's Anvis Group to make automotive anti-vibration rubber components in Queretaro, Mexico.
Reuters - Mexico will drop a complaint before the World Trade Organization against Argentina over trade restrictions after the two countries reached a new automobile pact, Mexican economy minister Ildefonso Guajardo said on Friday.
New Zealand Herald - Loss-making energy efficient motor maker Wellington Drive Technologies has set up a wholly-owned subsidiary - Wellington Latin America Services - in Queretaro, which it says aims to strengthen its presence in the region.
Market Watch - Mexico's auto industry expects to set a new production record of at least three million vehicles next year on strong exports to the U.S., although the "fiscal cliff" could complicate that goal, a top industry official said Monday.