Trade & Investment
Freep.com - Ford is investing $135 million to bring battery pack and hybrid vehicle transmission production to metro Detroit. The work is currently done in Mexico and Japan. The bulk of the investment, $125 million, is targeted for a new electric-drive HF 35 transaxle.
Market Watch - California Pizza Kitchen, Inc. today announced the opening of its eighth restaurant in Mexico offering its line of hearth-baked pizzas. Opened by CPK franchise partner Grupo Calpik,it is located in the Coyoacan neighborhood of Mexico City.
Agence France Presse - Mexican President Felipe Calderon will begin a three-day visit Wednesday to Canada, amid strains in bilateral relations and perceptions that Ottawa is more preoccupied with ties to its superpower neighbor, the United States.
Market Watch - Pop N Go, Inc. announced today that it began shipping its patented popcorn vending machines to its Mexican distributor in April. The machines have peso coin acceptors with the ability to process all peso coin denominations.
Dow Jones - Polaris Industries Inc. said it will sell or close a Wisconsin manufacturing plant as it expands two U.S. facilities and builds a new one in Mexico in an effort to cut costs and quicken product deliveries. The company makes all-terrain vehicles and motorcycles.
Reuters - Mexican billionaire Carlos Slim said on Thursday the European debt crisis presents an opportunity for Latin American companies to expand. Slim, the world's richest man according to Forbes Magazine, has been rumored to be interested in expanding his empire through new acquisitions.
Maquila Portal - Investment in Mexico by firms in Britain ranks fifth, with at least 17 companies operating in the country and more wanting to invest in the energy, infrastructure and automotive sectors, said John Frank, first trade secretary for the British Embassy in Mexico.
Sentido Comun - Global automotive parts manufacturer Bosch said that it will invest $27 million in its operations in Mexico this year, an amount similar to that invested in 2009. The investment plans include the creation of a new training center with cutting edge technology.
Sentido Comun - The german industrial group Siemens said it plans to promote Mexican manufacturers in the markets of Canada, the United States and Europe to improve the competitive quality of local suppliers to increase local content in their production processes.
CNNMéxico - Mexican President Felipe Calderón on his official U.S. visit today, Wednesday, said it is necessary that the governments of both countries to work together to meet challenges such as combating organized crime, economic crisis, change climate and migration.