Trade & Investment

Trade & Investment

America Movil invests in Israel's Mobli

Reuters - Mobli, a mobile photo and video sharing platform, said Latin America's biggest phone company America Movil has made a strategic investment in the company as part of a $60 million funding round.

Mexico, Venezuela to begin trade talks in 2014

EFE - Mexican Foreign Secretary Jose Antonio Meade and Venezuelan counterpart Elias Jaua have agreed to begin conversations leading to the signing of a trade accord, Mexico's government said.

Avocados from Mexico kicks off campaign

The Packer - Avocados From Mexico is centering its new $36 million marketing campaign around the idea that avocados offer so much more. The effort’s overall goal is to make avocados sought-after and elevate the overall category.

Maquiladora industry cries foul on new taxes

AP — Industry groups say President Enrique Pena Nieto's proposed tax overhaul, expected to pass the Senate late Tuesday or early Wednesday, could strangle one of Mexico's economic success stories, the border factories known as maquiladoras.

Petco opens first store in Guadalajara

UT San Diego - Petco celebrated the opening of its first international store in Mexico. The chain entered a joint venture with Grupo Gigante to open the Mexican store in Guadalajara and plans to open as many as 50 Petco stores in Mexico and Latin America by 2020.

How Mexico is upending the U.S. auto industry

The Washington Post - Back in the 1980s, the U.S. auto industry went through a major upheaval. Now, three decades later, the U.S. auto industry is going through yet another major churn. And this time around, Mexico is the driving force.

VivaAerobus places order for 52 Airbus planes

Aviatime - The VivaAerobus Group has signed a purchase agreement for 52 Airbus aircraft, representing the biggest Airbus aircraft order by a single airline in Latin America. VivaAerobus is a Mexican low-cost carrier.

MoneyGram adds 1,000 money-transfer locations

Dallas Morning News - Dallas-based MoneyGram said it expanded its money-transfer services in Mexico. Under a deal with Farmacias Guadalajara, customers can send and receive money at more than 1,000 of the drugstore chain’s locations.

VW India begins exporting Vento to Mexico

The Hindu - Volkswagen India has begun exporting the Volkswagen Vento to Mexico which, in the future, will become the single largest export market for VW India with every second car produced for exports at the Pune plant being sold there.

Chrysler said to add 500 jobs at engine plant

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.

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