According to a post on Tesla Inc’s website, the US electric vehicle maker has stopped taking orders for its Cybertruck pickup truck outside of North America. Tesla is taking order for the Cybertruck only in the United States, Canada and… Read More ›
Mexico
Foxconn to produce EVs in Europe, India and Latin America
In a statement Foxconn’s chairman Liu Young-way said, it is looking to produce electric vehicles (EVs) in India, Europe and Latin America, and “indirectly” cooperate with German automakers. Foxconn, aims to become a major player in the global EV market,… Read More ›
Caribbean nations and Latin American countries push for EU type economic bloc
In a significant development, in a summit that took on Saturday, Mexico’s president and other leaders said, Caribbean nations and Latin American countries should aspire to form a bloc similar to the European Union in a bid to wrest away… Read More ›
Berkshire Hathaway-backed Brazilian digital bank Nubank hires bankers for upcoming US IPO
According to a source familiar with the matter at hand, Brazilian digital bank Nubank, which has the backing of Berkshire Hathaway, has hired Morgan Stanley, Goldman Sachs and Citigroup to help lead its U.S. initial public offering. Earlier in June,… Read More ›
Britain set to join Comprehensive and Progressive Agreement for Trans-Pacific Partnership
On Wednesday, members nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) officially agreed to allow the United Kingdom to start the process of joining the pact, said Japan’s economy minister in a statement. Welcoming the start of… Read More ›
Ford Motor Co recalls 661,000 Explorer SUV in North America over roof rail detachment issue
In a statement Ford Motor Co said, it is in the process of recalling 661,000 Explorer sport utility vehicles in North America following a request by U.S. regulators who have said, Ford should recall the model due to the potential loosening… Read More ›
Bosch to invest up to $100M in Mexico
In a statement, Bosch, the world’s largest car parts supplier said, it plans to invest up to $100 million in Mexico this year; the development sees a 15% increase, mostly in new manufacturing lines and digitization projects. The resources will… Read More ›
Michel Doukeris to replace Carlos Brito as CEO: AN InBev
In a significant development, Anheuser-Busch InBev CEO Carlos Brito is set to step down from the company in July; he will be replaced by the head of the company’s North America division. The development comes at a time when AB InBev,… Read More ›
Britain applies for Comprehensive and Progressive Agreement for Trans-Pacific Partnership
In the coming week Britain is set to apply for a membership to the trans-Pacific trading bloc of 11 countries. Ever since it left the European Union, Britain has made its desire to join the Comprehensive and Progressive Agreement for… Read More ›
FDI in Mexico touched $18 Billion in Q1, despite slowdown induced by Wuhan Coronavirus
In a significant development that underscores a relocation of supply chain to North America, preliminary figures published by Mexio’s Economy Minister stated, during the first half of 2020, Foreign direct investment (FDI) in Mexico touched $17.97 billion. Although, the figure… Read More ›
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