Despite the reduced momentum in automotive financing and the liberation of fuel prices last week, production in the automotive industry seems to remain strong.
- With 300,000 produced vehicles in 1.5 years, Kia Motors is taking great advantage of its Pesqueria plant.
- On NAFTA, BMW promises to maintain its investment in Mexico and the federal government proposes permanent courts to deal with investor-State cases.
- In terms of innovation and design, Brose Fahrzeugteile is working closely with UPQ in Queretaro to launch its innovation center.
- As part of the federal government’s trade diversification strategy, LLK International has announced a new investment in the country.
- EVs, including Tesla, were the center of attention at the Los Angeles Auto Show.
- Shell and some leading automakers plan to support EV-charging infrastructure.
- Meanwhile, OEMs have promised to buy minerals for EVs ethically.
- Tesla has announced it will use the Tesla Semi truck to transport components between its plants.
- VW explores options beyond EVs with China’s JAC. The result could be new production of commercial vehicles.
In other news
- Price increase of diesel jeopardizes freight transportation.
- Peugeot introduces two versions of the Expert model, one for passengers and one for cargo, and both equipped with diesel engines.
- Chevrolet Aveo 2018 arrives to Mexico at a starting price of US$200,000.
- Automotive financing loses momentum in 2017.
- Mexico and Canada join forces against NAFTA 2.0.
- OCDE raises Mexico’s growth expectations to 2.2 percent in 2018.
- Ford reaches 40 percent of advancement in the renewal of its dealership network in Mexico.
- Ending NAFTA would hurt growth and competitiveness of the US and Canada: Bank of Montreal.
- US auto sales face small drop in November despite automaker price reductions.
- Carbon fiber supplier Toray Industries admits to falsifying data.
- NIO Capital to raise US$500 million for automotive
- Hyundai workers stop producing Kona SUV and resume production two days later.
- Peugeot to build automatic gearboxes of Toyota-owned Aisin Seiki under license.
Don’t forget to follow Mexico Automotive Review on twitter to get the latest automotive news! This is our account in Spanish and this our account in English. Check out last week’s roundup here! Find out more about Tesla’s Model 3 here.