Business Central America

  • *Move cuts efficiency of shared Mexico plant- sources. PARIS, Jan 5- Nissan is halting joint development of luxury cars with Daimler's Mercedes-Benz, sources close to the companies told Reuters, suspending a key project in their seven-year partnership and potentially hitting profitability at a new shared factory in Mexico. The move could reduce efficiency at a...

  • Shares of Constellation, which makes most of its beer in three plants in Mexico and imports them to the United States, fell as much as 8.9 percent to $144. Trump's comments on building a wall between Mexico and the United States and his proposal of abandoning the North American Free Trade Agreement in favor of higher taxes on imports have raised concerns among...

  • XALAPA, Mexico— Protests over a sharp gasoline price hike erupted into looting of gas stations and stores in various parts of Mexico on Wednesday, with dozens of businesses reportedly sacked. The National Association of Self-Service and Department Stores of Mexico said in a statement that 79 stores had been looted and 170 were closed or blockaded in central...

  • MEXICO CITY, Jan 3- Blockades of fuel storage terminals by protesters angered by a double-digit increase in gasoline prices has led to a "critical situation" in at least three Mexican states, state oil company Pemex said on Tuesday. There were distribution problems in northern Chihuahua and Durango states, as well as Morelos state just south of the Mexican...

  • *Trump also hits GM over making Chevrolet Cruze cars in Mexico. FLAT ROCK, Mich./ WASHINGTON, Jan 3- Ford Motor Co on Tuesday scrapped a planned Mexican car factory and added 700 jobs in Michigan following criticism by Donald Trump, as the U.S. president-elect turned his attention toward rival General Motors Co with the threat of a "big border tax" over compact cars made...

  • FLAT ROCK, Mich./ WASHINGTON, Jan 3- Ford Motor Co on Tuesday scrapped a planned Mexican car factory and added 700 jobs in Michigan following criticism by Donald Trump, as the U.S. president-elect turned his attention toward rival General Motors Co with the threat of a "big border tax" over compact cars made in Mexico. Investors on Tuesday sold off shares of Kansas City...

  • FLAT ROCK, Mich./ WASHINGTON, Jan 3- Ford Motor Co said Tuesday it will cancel a planned $1.6 billion factory in Mexico and invest $700 million at a Michigan factory, after President-elect Donald Trump had harshly criticized the Mexico investment plan. Ford Chief Executive Mark Fields said the decision to cancel the new Mexico factory was the result of sagging...

  • FLAT ROCK, Mich./ WASHINGTON, Jan 3- Ford Motor Co said Tuesday it will cancel a planned $1.6 billion factory in Mexico and will invest $700 million at a Michigan factory, after President-elect Donald Trump had harshly criticized the Mexico investment plan. Ford Chief Executive Mark Fields said the decision to cancel the new Mexico factory was in part related to...

  • DETROIT/ WASHINGTON, Jan 3- President-elect Donald Trump on Tuesday threatened to impose a "big border tax" on General Motors Co for making some of its Chevrolet Cruze compact cars in Mexico, an arrangement the largest U.S. automaker defended as part of its strategy to serve global customers, not sell them in the United States. He also has denounced the North...

  • MEXICO CITY, Jan 3- Mexico's peso fell on Tuesday to touch its weakest level in seven weeks after Ford, the second-largest U.S. automaker, said it will cancel a planned $1.6 billion factory in Mexico's central state of San Luis Potosi. Ford said it will invest $700 million at a Michigan factory. Mexico's IPC stock index pared gains of over 1 percent to trade nearly...

  • WASHINGTON, Jan 3- Ford Motor Co said Tuesday it will cancel a planned $1.6 billion factory in Mexico and will invest $700 million at a Michigan factory, after it had come under harsh criticism from President-elect Donald Trump for its Mexican investment plans. Ford Chief Executive Mark Fields on Tuesday said the decision to cancel the new plant in Mexico was in...

  • DETROIT/ WASHINGTON, Jan 3- President-elect Donald Trump on Tuesday threatened to impose a "big border tax" on General Motors Co for making some of its Chevrolet Cruze compact cars in Mexico, an arrangement the largest U.S. automaker defended as part of its strategy to serve global customers, not sell them in the United States. He also has denounced the North...

  • President-elect Donald Trump on Tuesday blasted General Motors Co and threatened to impose a "big border tax" for making some Chevrolet Cruze cars in Mexico, which the U.S. carmaker defended as part of a strategy to serve global customers, not sell them in the United States. GM said it makes its Cruze sedan in the United States and that all of those sold in the United...

  • During the holiday season, even as money and gifts have flowed into the area from relatives working in the United States, residents have fretted about what a Trump presidency will mean for them and family members working in the United States. During his presidential campaign, Donald Trump said he would stop allowing wire transfers of money out of the United...

  • During the holiday season, even as money and gifts have flowed into the area from relatives working in the United States, residents have fretted about what a Trump presidency will mean for them and family members working in the United States. During his presidential campaign, Donald Trump said he would stop allowing wire transfers of money out of the United...

  • MEXICO CITY, Dec 29- An imminent jump in Mexican gasoline prices should not reduce auto sales in the near term but will ultimately boost the market for more fuel-efficient cars, a leading Mexican auto industry group said on Thursday. Vehicle sales in Mexico rose by 18.5 percent to more than 1.4 million in the year through November, official data shows.

  • MEXICO CITY, Dec 28- The Mexican government's announcement that it will hike gasoline prices by up as much as one-fifth next month has prompted economists to begin raising 2017 inflation forecasts, putting the central bank's target rate in increasing doubt. Mexico's central bank this month hiked interest rates for a fifth time this year to curb inflation that...

  • SAO PAULO, Dec 27- Brazilian stocks rose on Tuesday, boosted by shares of miner Vale and steelmakers as iron ore prices broke a nine-day losing streak. Shares of Vale SA closed up 1.23 percent while shares of steelmaker Companhia Siderúrgica Nacional SA closed up 5.61 percent. Mexico's stock index closed up 0.69 percent, helped The Mexican peso weakened 0.64...

  • MEXICO CITY, Dec 26- Mexico's peso and bourse slipped on Monday, in a session marked by light trading thanks to the U.S. Mexico's peso weakened 0.15 percent to 20.627 per dollar. In Brazil, the benchmark Bovespa index rose 1.18 percent to 58,620 points, helped by shares of miner Vale, which rose despite a fall in Chinese iron ore prices.

  • SAO PAULO/ MEXICO CITY, Dec 23- Mexico and Brazil's currencies and stocks gained on Friday in muted trading ahead of the Christmas weekend. Mexico's peso rebounded after hitting a three-week low the previous day, while the Brazilian real strengthened for a fifth straight day. Mexico's peso was boosted by November trade balance data showing the country posted...