Nearshoring Trend Escalates for US Companies
The turn toward nearshoring escalated this year, a trend that saw renewed interest during the coronavirus pandemic.
Chinese Truck Maker Eyes Mexico Facility, US Market
Chinese truck maker Beiqi Foton Motor Co. is planning a second plant in Mexico to manufacture electric vehicles with an eye on U.S. exports.
US, Mexico to Cooperate on Semiconductors, Electric Vehicles
MEXICO CITY — Mexico and the United States plan to take advantage of the Biden administration’s massive investment in semiconductor production to push the integration of their supply chains and cooperate on expanding the production of electric vehicles through Mexico’s nationalized lithium industry, officials from both countries said Sept. 12.
Mexico to Stop Exporting Oil in 2023 in Self-Sufficiency Quest
Mexico plans to end crude oil exports in 2023 as part of a strategy by the nationalist government of Andres Manuel Lopez Obrador to reach self-sufficiency in the domestic fuels market.
US-Mexico Border to Close; Trade Will Keep Moving
Following similar action along the Canadian border, the White House has closed the United States’ border with Mexico to nonessential traffic, but is exempting trade and commerce from the ban.
GSA Completes Major Border Facility Project
The General Services Administration recently completed a 10-year construction project at the San Ysidro Land Port of Entry, a bustling border crossing facility that links San Diego County and Tijuana, Mexico.
Democrats See USMCA Deal Near, Urge Mexico to Accept Compromise
House Democrats said Dec. 4 that a deal on the stalled U.S.-Mexico-Canada free-trade agreement is within reach and urged Mexico to accept a compromise on labor-rights enforcement.
Mexico Unveils $44 Billion Infrastructure Plan to Boost GDP
Mexico President Andres Manuel Lopez Obrador announced an infrastructure plan worth 859 billion pesos ($44 billion) that includes highways, railways, ports and airports as well as investments in telecommunications, with most of the capital coming from the private sector.November 26, 2019
Hacker Seeks About $5 Million Ransom From Pemex by Nov. 30
The hacker behind a cyberattack that has crippled Petroleos Mexicanos’ computer systems since the weekend is hoping to squeeze about $5 million out of the company and appears to have set a deadline of Nov. 30.November 13, 2019
Pemex Reduces Fuel Imports After Theft Crackdown
Petroleos Mexicanos imported less gasoline and diesel in the second quarter as its refineries produced more fuel and the government cracked down on fuel theft.