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Mexico
Government, Business, Logistics

Nearshoring Trend Escalates for US Companies

Laredo Port of Entry

The turn toward nearshoring escalated this year, a trend that saw renewed interest during the coronavirus pandemic.

Connor D. Wolf | Staff Reporter
May 25, 2023
Business, Technology, Equipment

Chinese Truck Maker Eyes Mexico Facility, US Market

The logo for Beiqi Foton Motor Co.

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.

Andrea Navarro | Bloomberg News
April 28, 2023
Government, Business, Technology, Equipment

US, Mexico to Cooperate on Semiconductors, Electric Vehicles

Blinken

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.

María Verza and Christopher Sherman | Associated Press
September 13, 2022
Business, Fuel

Mexico to Stop Exporting Oil in 2023 in Self-Sufficiency Quest

Image

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.

Amy Stillman | Bloomberg News
December 28, 2021
Government, Business, Breaking News

US-Mexico Border to Close; Trade Will Keep Moving

Image

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.

Dan Ronan | Senior Reporter
March 20, 2020
Government, Business

GSA Completes Major Border Facility Project

Image

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.

Eleanor Lamb | Staff Reporter
December 20, 2019
Government, Business

Democrats See USMCA Deal Near, Urge Mexico to Accept Compromise

Image

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.

Erik Wasson and Eric Martin | Bloomberg News
December 4, 2019
Government, Business

Mexico Unveils $44 Billion Infrastructure Plan to Boost GDP

Image

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.

Bloomberg News
November 26, 2019
Government, Business, Technology, Fuel

Hacker Seeks About $5 Million Ransom From Pemex by Nov. 30

Image

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.

Bloomberg News
November 13, 2019
Government, Business, Fuel

Pemex Reduces Fuel Imports After Theft Crackdown

Image

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.

Amy Stillman | Bloomberg News
October 23, 2019

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