Trade & Investment
Meeting with Med Atlántica on Mexicana canceled
Milenio - The Ministry of Communications and Transportation (SCT) reported that the meeting was canceled between members of Med Atlantic and Judge Philip Consuelo Soto, which was intended to discuss the issue of the capitalization of Mexicana Airlines.
U.S. Atty Gen faces renewed criticism of Fast and Furious
Voice of America - U.S. Attorney General Eric Holder faced a new round of Republican criticism in Congress over a controversial program in which the U.S. allowed guns into Mexico. Holder testified that "Operation Fast and Furious" was flawed.
Asur bids with Advent for airport contract in Brazil
Dow Jones - Mexican airport operator Grupo Aeroportuario del Sureste, Asur, said it has made a joint bid with private equity firm Advent International for concessions to run three Brazilian airports.
Doubletree by Hilton opens in Saltillo
Business Wire - DoubleTree by Hilton opened its second Mexican hotel in the city of Saltillo, Coahuila. The 125-suite DoubleTree Suites is just five minutes from Plan de Guadalupe International Airport and ten minutes from the city center.
Brazil to charge import tax on Mexico-made cars
Dow Jones - Brazil will begin charging import taxes on cars produced in Mexico as soon as next year, ending a decade-long agreement. Brazil President Dilma Rousseff is "bothered" by the deficit between the two countries.
www.nasdaq.com/article/brazil-to-charge-import-tax-on-cars-produced-in-mexico--report-20120202-00507
Pemex posts $25 billion trade surplus in 2011
Latin American Herald Tribune - Petroleos Mexicanos, or Pemex, said it posted a trade surplus of $24.99 billion in 2011, up 28 percent from the prior year. Exports totaled $55.79 billion, while imports came in at slightly more than $30.8 billion.
Chrysler de Mexico reports strong start to 2012
3D-Car-Shows - Chrysler de Mexico reported January 2012 sales of 7,516 units, a 4 percent increase compared with sales in January 2011. The Jeep Compass posted a gain of 201 percent year-over-year.
3d-car-shows.com/2012/chrysler-de-mexico-reports-strong-start-of-sales-for-january-2012chrysler-de-mexico-posts-a-monthly-sales-increase-of-4-percent/
Siemens opens manufacturing plant in Zapopan
Sentido Comun - Siemens has opened a new manufacturing plant in Zapopan, Jalisco, to manufacture starters for electric motors and control components for industrial electrial processes. The company expects to generate about 150 jobs.
MVS Comunicaciones broadband project stalled
Reuters - An ambitious private project to unlock wireless access across Mexico appears to be stuck in a stalemate with developer MVS Comunicaciones and the government unable to agree on terms.
www.reuters.com/article/2012/02/01/us-mexico-broadband-idUSTRE81000620120201
U.S.-Canada-Mexico trade rises 12.7% in November
Truckinginfo - Trade using surface transportation between the U.S. and Canada and Mexico was 12.7 percent higher in November 2011 than in November 2010, totaling $76.7 billion, according to the U.S. Department of Transportation.
