Business Mexico

  • MEXICO CITY, Jan 17- Mexico's state oil company Pemex began receiving imported fuel by train at a new privately run terminal for the first time in January as companies expand storage and transportation operations under the country's energy opening, a senior executive said in an interview. The cargo of just under 60,000 barrels arrived from Port Arthur, Texas, on...

  • MEXICO CITY, Jan 17- Mexico's state oil company Pemex began receiving imported fuel by train at a new privately run terminal for the first time in January as companies expand storage and transportation operations under the country's energy opening, a senior executive said in an interview. The cargo of just under 60,000 barrels arrived from Port Arthur, Texas, on...

  • An employee works on the assembly line at the General Motors Assembly Plant in Arlington, Texas.

    General Motors, one of automakers criticized by President-elect Trump, is adding 1,500 jobs in the U.S. as part of its plans for an additional $1 billion investment in U.S. manufacturing operations.

  • *Hyundai Motor Group agonising over Mexico plant. SEOUL, Jan 17- The Hyundai Motor Group said it plans to lift U.S. investment by 50 percent to $3.1 billion over five years and may build a new plant there- the latest auto firm to announce fresh spending after President-elect Donald Trump threatened to tax imports. Under pressure to deliver on campaign promises to...

  • A worker directs a bulldozer loaded with pebbles that will serve as the base for new concrete highway slabs as a re-decking construction project continues on Interstate-95 northbound in Philadelphia.

    Trump’s plan to goose infrastructure spending offers investment opportunities, said Ding Xuedong, chairman of China’s sovereign wealth fund.

  • *Audi, Mercedes-Benz, BMW stepping up Mexican production. You can build cars for the United States, but for every car that comes to the USA, you will pay 35 percent tax, "Trump said in remarks translated into German. "I would tell BMW that if you are building a factory in Mexico and plan to sell cars to the USA, without a 35 percent tax, then you can forget that," Trump said.

  • President-elect Donald Trump warned German car companies he would impose a border tax of 35 percent on vehicles imported to the U.S. market from Mexico, singling out luxury carmaker BMW for criticism following previous broadsides aimed at General Motors, Ford and Toyota. Mexico accounts for a fifth of all vehicle production in North America and has attracted...

  • *Audi, Mercedes-Benz, BMW stepping up Mexican production. You can build cars for the United States, but for every car that comes to the USA, you will pay 35 percent tax, "Trump said in remarks translated into German. "I would tell BMW that if you are building a factory in Mexico and plan to sell cars to the USA, without a 35 percent tax, then you can forget that," Trump said.

  • *Audi, Mercedes-Benz and BMW proceeding with Mexico production. You can build cars for the United States, but for every car that comes to the USA, you will pay 35 percent tax, "Trump said in remarks translated into German. "I would tell BMW that if you are building a factory in Mexico and plan to sell cars to the USA, without a 35 percent tax, then you can forget that," Trump said.

  • All three carmakers have invested heavily in factories in Mexico, where production costs are lower than the United States, with an eye to exporting smaller vehicles to the U.S. market. "I would tell BMW that if you are building a factory in Mexico and plan to sell cars to the USA, without a 35 percent tax, then you can forget that," Trump said, adding that carmakers will...

  • A BMW AG badge is displayed on the company's 7-Series sedan at the assembly line on Nov. 30, 2016.

    President-elect Trump has warned that the U.S. will impose a 35 percent border tax on cars that BMW makes in Mexico for U.S. export.

  • BERLIN, Jan 15- President-elect Donald Trump has warned the United States will impose a border tax of 35 percent on cars that German carmaker BMW plans to build at a new plant in Mexico and export to the U.S. market. The plant in Mexico would be an addition to existing 3 Series production facilities in Germany and China. He went on to say Germany was a great car producer,...

  • BERLIN, Jan 15- President-elect Donald Trump has warned the United States will impose a border tax of 35 percent on cars that German carmaker BMW plans to build at a new plant in Mexico and export to the U.S. market. A BMW spokeswoman said a BMW Group plant in San Luis Potosi would build the BMW 3 Series starting from 2019, with the output intended for the world market.

  • BMW SAYS MEXICAN SAN LUIS POTOSI PLANT WILL BUILD BMW 3 SERIES CAR FROM 2019 FOR THE WORLD MARKET.

  • NEW YORK, Jan 14- A New York fashion designer who calls himself the "curator of cool" was arrested in Mexico and sent to the United States where he is charged as part of a bribery case that has ensnared relatives of former U.N. Secretary-General Ban Ki- moon, officials said on Saturday. U.S. authorities arrested him on Friday night upon his arrival at New York's John F....

  • MEXICO CITY, Jan 13- Mexicans who already feel the pinch from a gasoline price hike share economists fears it will now drive up the cost of food and other basics, adding to the unpopularity of the government ahead of elections this year and next. In Mexico City's Granada market this week, few gave credence to such reassurances, a sign of the risk for the ruling...

  • MEXICO CITY, Jan 13- Mexico's Pemex has begun selling heavy Maya crude for the first time since 2008 to U.S. West Coast refiners, the head of the state oil company's international trading arm said on Thursday. Pemex, short for Petróleos Mexicanos, will also market more light Isthmus crude this year to the U.S. West Coast, with most, if not all of it, destined for...

  • Why this pro is bullish on Mexico

    Sri Kumar, President, Sri-Kumar Global Strategies, says that despite talk of a wall, there are a number of good opportunities south of the border. With "Fast Money" traders Guy Adami and Tim Seymour.

  • MEXICO CITY, Jan 12- An accident at the Ciudad Madero refinery of Mexican state-owned oil firm Pemex killed one worker on Thursday, but the incident will not affect production, a company representative said. Pemex said that three workers were exposed to hydrogen sulfide released during maintenance of one of the refinery's diesel plants. The Madero plant, the...

  • 'Cloud of uncertainty' over Trump's Mexico views: Expert

    Monica de Bolle, senior fellow at PIIE, says that it's unclear what Trump will do with NAFTA.