Trade & Investment

Trade & Investment

Nissan, Mercedes to build small, luxury cars in Mexico

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.

Coca-Cola FEMSA still open to more deals

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.

U.S. sugar producers get good news from Mexico

AP - A U.S. sugar executives said Mexico's soft drink industry plans to buy more of its own cane sugar so less of it will be sold elsewhere, an issue that has frustrated U.S. executives, particularly in the last year.

Amazon brings Kindle products to Mexico

Gigaom - Amazon has launched the Mexican Kindle Store. It’s also selling the basic Kindle and front-lit Kindle Paperwhite through Mexican chain store Gandhi. And it opened its digital self-publishing platform, Kindle Direct Publishing, up to Mexicans.

Cocal-Cola FEMSA breaks ground on Colombia plant

Latin American Herald Tribune - Mexico’s Coca-Cola FEMSA said it broke ground on a $200 million bottling plant in Tocancipa, a city in central Colombia. The new plant will be in operation in late 2014.

Factory exports flat, consumer imports sag

Reuters - Mexico's trade deficit narrowed in July as factory exports remained steady but consumer imports sagged amid faltering economic growth in Latin America's No. 2 economy. Consumer goods imports dipped 1.69 percent compared with June.

BMW is studying assembly plant in Mexico

Automotive News - BMW is studying expanding its North American manufacturing footprint with an assembly plant in Mexico. BMW executive Ludwig Willisch declined to specify which areas of Mexico that BMW is studying or which vehicles would be built there.

Pena Nieto plans strategy for Asia-Pacific region

EFE- President Enrique Peña Nieto plans to consolidate the "strategy of moving closer to countries in the Asia-Pacific region" before completing his first year in office, allowing Mexico to expand trade and investment.

Taylor Farms de Mexico halts salad production

CBS - Taylor Farms de Mexico, a company that produces bagged salad mixes linked to a cyclospora outbreak in two states, has halted all its production and shipments of any salad mix, leafy green or salad mix components from its operations in Mexico.

Mexico is ramping up oil exports to India, China

Reuters - Mexico is pushing to double crude oil exports to China next year and boost India-bound shipments, the next stage of a long-term plan to diversify oil sales away from an increasingly energy-independent United States.

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