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.
Autoevolution - Honda has announced that it will be building two additional variants of their popular Fit/Jazz city car - a sedan and a crossover. All three models of the Fit will be built at Honda’s new plant, currently under construction in Mexico.
American Metals Market - Mexico's auto industry will end 2012 with an internal investment of about $6 billion, double the year-ago level. Nearly half of that amount, or $2.97 billion, has been allocated to 23 projects by Asian companies.
Wall Street Journal - Mexico is taking center-stage in the production of cars, where lower costs and skilled workers are reordering the global auto market. The country now is the world's fourth largest exporter of cars.
PR Newswire - The Mexico Ministry of Tourism reports that during the month of September, currency income from international visitors exceeded $748 million, a figure 10.3 percent higher than during the same period last year.
Bloomberg - Nissan Motor Co., Mexico’s largest automaker, will consider the country along with the U.S. for a new North American factory to meet demand in both nations. Nissan is already building its third plant in Mexico.