Trade & Investment
Bloomberg - Chrysler Group, the U.S. automaker controlled by Fiat, will add about 500 workers at a Mexican engine plant, two people with direct knowledge of the matter said. Chrysler has five plants in the area.
Capital Press - The USDA has released a draft version of the requirements Mexican potato exporters will be expected to follow in order to ship fresh spuds to the U.S., an important step in efforts to open the border between the two countries to fresh potato trade.
Dow Jones - U.S. energy companies are turning to Mexico as they struggle to find uses for the glut of natural gas that has depressed domestic prices for the fuel. Pipelines are carrying twice as much natural gas to Mexico as they did in 2010.
Reuters - Mexican factory exports rose in August in a sign of firmer U.S. demand, but the pace of consumer imports fell as Latin America's No. 2 economy struggles to gain speed after a weak first half this year.
Bloomberg - Mexico’s record auto production might get another boost from Bayerische Motoren Werke (BMW) and Hyundai Motor Co., which are considering building factories in Latin America’s second-largest economy, Economy Minister Ildefonso Guajardo said.
The Record - Mitchell Plastics is opening a plant in Queretaro to produce injection moulded plastic parts for automobiles. The plant, which will employ 350, currently is under construction oand is slated to begin production in March 2014.
RubberNews.com - Flexitech Group has opened an automotive brake hose plant in San Luis Potosi that will help ease capacity concerns at a facility in France and serve as its hose construction factory for the Americas
GasWorld - Air Liquide continues its rapid growth in Northern Mexico with new agreements with Altos Hornos de Mexico for the acquisition of an Air Separation Unit. Air Liquide has also secured a new investment of another ASU.
Reuters - Japan's Nissan Motor Co and Germany's Daimler AG will build small Infiniti and Mercedes-Benz luxury cars at Nissan's $2 billion Aguascalientes plant, which will open late this year next to an existing Nissan assembly plant.
Reuters - Mexican bottler Coca-Cola Femsa said it is open to more acquisitions, just days after its $1.9 billion purchase of Brazil's Spaipa, its ninth deal in the last two years.