General Motors (GM) auto exports from Mexico registered a 10.2% year-on-year drop in August, adding 71,797 units (light vehicles), Inegi reported this Friday. General Motors is the leading company in auto exports from Mexico. In that month, auto exports from the entire Mexican sector decreased 8.6% year-on-year, to
The peso starts the session with an appreciation of 0.22% or 4.8 cents, trading around 21.60 pesos per dollar, gaining ground for the fourth consecutive session and respecting a minimum close to 21.55 pesos overnight. The appreciation of the peso continues to be driven by expectations of an
World food prices rose for the third month in a row in August, driven by generally firmer demand and a weaker US dollar, according to a report released by the Food and Agriculture Organization of the United Nations (FAO). The FAO Food Price Index, which tracks the international
Grupo México reported that it will invest 95 million dollars in fuel storage terminals in different strategic points in Mexico during 2020. Overall, the company approved a $ 1.04 billion investment program for the construction of fuel storage terminals that will increase Mexico’s energy self-sufficiency and security. Grupo
The Ministry of Economy will eliminate tariffs on imports of electric cars starting this Friday. In Mexico there are no specific tariff fractions to identify electric motor vehicles; However, the import duty for this type of vehicle for the transport of more than 10 people is 20% and
The peso closed the session with an appreciation of 0.36% or 7.8 cents, trading around 21.69 pesos per dollar, touching a low of 21.5499 pesos. For the second consecutive session, the peso’s appreciation occurred alongside other currencies of emerging economies, such as the Brazilian real, which rose 1.17%