In case you missed the news last week, Mexico Automotive Review brings you last week’s most relevant headlines of the industry
- The Mexican Association for Car Distribution (AMDA) brought good news to a worried-Mexican Automotive Industry. In November 2016, a total of 154,616 cars were commercialized showing a 22.5 percent increase from what was registered in November 2015.
- Volvo Bus Corporation wants to be a participant in the renewal of Mexico City’s public transportation system.
- The German auto parts manufacturer, Bos Automotive, announced a US$12 million investment to increase the capacity of its Irapuato’s site.
- While Trump is including oil-related lobbyist in its cabinet, the global automotive industry is working towards the development of a functional electric-vehicle industry:
- Daimler’s R&D division is planning on investing US$10 billion on the development of 10 different electric models for 2025
Porsche expects its first electric car, the Mission E, will sell 20,000 units. The Mission E is expected to rival Tesla’s Model S.
- Toyota appointed its new president in an attempt of redirecting the company toward the development of electric vehicles.
- Putting cooperation before competition, BMW, Daimler, Porsche, Audi and Ford announced the creation of a joint-venture to create a European-network of charging stations for electric-car usage.
- BMW will invest US$533 million on its iVentures capital, fostering the creation of smart and efficient vehicles.
The information used in this piece was sourced from El Financiero, El Economista, and Reuters.