El Economista

Automotive sector could have a positive year

Despite confronting complicated times, companies from the automotive sector in Mexico might have a not-so-negative 2017. Signum Research indicated that, despite the current financial scenario, representatives of Mexican Stock Market (BMV) confirmed that investment projects which had already been scheduled, are going to continue their course, but companies might grow more cautious in the future.

Firms uphold plans of moving into Mexico

Manufacturing firms from the U.S. are maintaining their plans to relocate production lines into Mexico. Firms such as Rexnord, Caterpillar, Nucor, who manufactures steel products for construction, or the electronics components firm CTS, have not resigned their plans for transferring certain productive processes to Mexico.

Jalisco attracts investment from automotive providers

The head of the Ministry of Economic Development (SEDECO), Jose Palacios Jimenez, affirms that automotive supply companies are keeping their projects unchanged, and they will be installing headquarters at the Industrial Park Colinas de Lagos in Lagos de Moreno, Jalisco.

Mexico goes for six new FTAs

The Mexican President, Enrique Peña Nieto, gave instructions to Ildefonso Guajardo, Secretary of Economy, to turn the Trans Pacific Partnership Agreement (TPP) into bilateral agreements with Australia, Brunei, Malaysia, New Zealand, Singapore and Vietnam.

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