Americas

BMW Opens Mexico Assembly Plant as Tariffs Loom

June 07, 2019 at 2:19 AM

BMW AG formally opened a factory in Mexico to make its best-selling 3 Series sedans for North American market and more than 40 other markets worldwide.

Report: U.S. May Delay Tariffs on Mexican Goods

June 06, 2019 at 4:17 PM

The White House could delay President Donald Trump’s threat to impose tariffs on Mexican goods beginning Monday, sources tell Bloomberg News.

DiDi Chuxing Launches Ride-Hailing Service in Latin America

June 06, 2019 at 12:34 AM

China’s DiDi Chuxing Technology Co. has begun offering its ride-hailing service in Chile and Colombia as it pushes into Latin America.

Republican Party Backlash Grows Over Trump’s Mexico Tariff

June 05, 2019 at 12:42 AM

Several Republican senators warned the White House yesterday that President Donald Trump can expect diminished support at best for his plan to launch a 5% import tax on Monday for goods from Mexico.

Trump Charges Ahead with Timetable for Mexico Tariff

June 04, 2019 at 1:25 PM

President Donald Trump reiterates his determination to levy a 5% import tariff on all goods from Mexico beginning June 10, regardless of negotiations to avoid the levy.

Mexico Vows to Avoid U.S. Trade War Over Migrants

June 03, 2019 at 12:20 AM

Mexico's president says his country is willing to avoid a trade war by tightening controls over migrants seeking asylum in the U.S.

BMW’s New Factory in Mexico Faces Trump Tariff Hit

May 31, 2019 at 4:47 PM

BMW AG is formally launching its $1 billion factory in San Luis Potosi, Mexico, next week, just ahead of a threatened 5% U.S. tariff on the cars it makes.

FCA Targets Growth in Brazil

May 23, 2019 at 9:26 AM

Fiat Chrysler Automobiles NV is expanding production capacity in Brazil and plans to launch 25 new, freshened or specialty models in the country through 2024.

Scania to Spend $344 Million on Truck Plant in Brazil

May 22, 2019 at 12:18 AM

Volkswagen Group’s Scania commercial truck unit says it will spend 1.4 billion reais ($346 million) to update its commercial truck plant outside Sao Paulo, Brazil.

Lexus to Produce NX Crossover in Canada

April 30, 2019 at 4:28 AM

Toyota Motor Corp.’s plant in in Cambridge, Ont., will add production of gasoline and hybrid variants of the Lexus NX crossover vehicle in 2022 for sale in North America.

Toyota’s Lexus Brand to Enter Mexican Market

April 26, 2019 at 12:00 AM

Toyota Motor Corp. says its Lexus luxury brand will enter the Mexican market at the end of 2021.

Brazil, Mexico Begin Free-Trade Deal on Cars

March 20, 2019 at 2:46 AM

Brazil and Mexico, Latin America’s two largest national economies, have begun a free-trade agreement for light vehicles, Reuters reports.