The week was eventful to say the least. While some companies grow their presence in Mexico, others face new challenges that are not what investors signed up for. Meanwhile, the global industry keeps looking towards the future although some might not join us in the journey anymore.
After its controversial decision to cancel its new plant in San Luis Potosi, Ford has announced that its projected production of the Ford Focus will now move to China, instead of Hermosillo.
Audi’s arrival to Puebla, though beneficial, has raised average land costs by 1250% at San Jose Chiapa. Companies are no longer keen to invest under these conditions.
Front modular systems supplier HBPO grows its manufacturing footprint in Mexico with two new plants that will start operating in 2018.
Amid controversy and scandals, Travis Kalanick steps aside and is no longer CEO of Uber although he remains part of its board of directors.
Amazon sees an attractive market in vehicle connectivity and OEMs are gradually embracing Alexa, the company’s voice recognition technology.
Panasonic wants to integrate solar technology into electric vehicles with solar-panelled rooftops.
The Renault-Nissan Alliance combines mobility and autonomy with a project for driverless ride-hailing and ride-sharing services.