Mexico News Updates

Truck and bus manufacturers built 12,617 heavy-duty vehicles in Mexico in March, a 6.6% decrease compared with 13,512 vehicles in the same period a year earlier.

A senior official cast the changes as necessary to simplify the policy and provide more fairness to businesses grappling with President Trump’s tariffs.

Until now, Volvo did not have a manufacturing plant in Mexico. VTNA and Mack Trucks’ peers have had plants in Mexico for years.

“The probability of increasing pricing slightly or potentially increasing tariff surcharges over the year has increased,” said Eva Scherer, Daimler Truck CFO.

Hyundai Translead CEO Sean Kenney noted that more than 500 customer locations are within a 100‑mile radius of the planned facilities in Will County.

The U.S. is demanding changes to the treaty, and the top U.S. trade negotiator has said the president would be willing to pull the U.S. out of the pact if he can’t get the deal he wants.

The economy ministry conducted consultations with 30 sector roundtables, spanning metals, agriculture, construction, carmaking and tourism. It sent more than 500 surveys to companies, chambers and industry groups.

Dominic LeBlanc told a business audience in Toronto that he will meet with U.S. Trade Representative Jamieson Greer late next week in Washington ahead of the mandatory review of the USMCA in July.

Ford has a plant in Chihuahua, GM and Stellantis operate five in Coahuila, Nissan has production in Aguascalientes while Guanajuato is home to complexes for GM, Ford, Honda, Mazda, Toyota and VW. 

President Trump introduced 25% tariffs on U.S. imports of medium- and heavy-duty trucks and parts on Nov. 1 as he seeks to reorient trade flows, although the full details are yet to emerge.