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Business Mexico

  • NAFTA is baked in to North American auto manufacturing

    Wendy Cutler of the Asia Society Policy Institute says auto manufacturing in North America would be hit in unexpected ways if NAFTA is scrapped.

  • MEXICO CITY/ OTTAWA, Jan 18- Talks in Montreal later this month to update the North American Free Trade Agreement will be extended by one day, officials said on Thursday, as Mexico and the United States exchanged barbs. The negotiations have bogged down as Canada and Mexico resist radical demands from the United States to revise the rules governing one of the...

  • Hands embracing Earth

    Investing in five of the worst-performing stock markets around the globe has beaten international benchmarks — by a lot.

  • The administration had previously expressed support for GOP- drafted legislation that includes money for the popular children's program for six years, a tactic aimed at winning some Democratic support for the bill. The White House did not immediately respond to questions about the tweet, which said simply: "CHIP should be part of a long term solution, not a 30 Day,...

  • NEW YORK— What's on the menu for Red Lobster's future? After years of sales declines, Red Lobster was sold by the parent of Olive Garden nearly four years ago to private equity firm Golden Gate Capital. Lopdrup talked with The Associated Press about new menu items, kitchen upgrades and Beyonce' s impact on the brand.

  • Donald Trump

    President Donald Trump said he "may" terminate the North American Free Trade Agreement with Canada and Mexico.

  • Southern Oregon University has arranged for its sister school, Universidad de Guanajuato in Mexico, to take in its DACA students if they are deported. The university in the Oregon city of Ashland has a small number of affected students, but President Linda Schott got the promise during a visit last year to the Mexican school, her spokesman said.

  • MEXICO CITY, Jan 16- Mexican state oil company Pemex has chosen Japanese conglomerate Mitsui as its partner for a $2.6 billion coking plant project at its Tula refinery in a preliminary deal, two sources told Reuters this week. Pemex and Mitsui's office in Mexico City both declined to comment. So far, Pemex has invested $1.24 billion in the $2.6 billion coking...

  • MEXICO CITY, Jan 16- Car dealerships in Mexico City have kicked off the new year offering "clearance sales" and free insurance as 2017 models collect dust on their lots, a reminder that consumer nerves over high interest rates could slow the economy ahead of elections. "If I'm going to buy a new car and then not be able to fill it up with gasoline, then it's better to sit...

  • President Donald Trump tours new cars with auto industry leaders, including Fiat Chrysler CEO Sergio Marchionne (L), at the American Center for Mobility, a test facility for driverless car technology for American Manufactured Vehicles in Ypsilanti Township, Michigan, U.S. March 15, 2017.

    Fiat Chrysler is concerned consumers could be left exposed to price hikes as a result of NAFTA negotiations.

  • DETROIT, Jan 15- Fiat Chrysler Automobiles NV's has no intention of breaking up the company or selling individual brands to China or other parties, the company's chief executive said on Monday, adding that the group was counting on its coveted Jeep brand to drive future profits. "We're not going to break up anything," Chief Executive Sergio Marchionne said at a news...

  • SILAO, Mexico/ DETROIT, Jan 15- General Motors Co's assembly plant in Silao, a city in Mexico's automotive heartland, cranked out more than 400,000 highly profitable, large pickup trucks last year, and is critical to the launch of a new generation of Chevrolet Silverado trucks later this year. President Donald Trump follows up on threats to dump the North American...

  • General Motors CEO Mary Barra

    GM CEO Mary Barra expressed optimism that NAFTA would survive.

  • NAIROBI, Kenya— President Donald Trump's vulgar insult of Africa was a puzzle for many foreign media organizations, which didn't have a ready translation of his epithet for their readers or listeners. While meeting with senators on immigration, Trump questioned why the United States would accept more immigrants from Haiti and "shithole countries" in Africa,...

  • SAN SALVADOR, Jan 12- Alexander Ramos was deported to El Salvador from the United States seven years ago, forced to leave jobs as a gardener and at McDonald's after getting caught driving without a license. Teleperformance has worked with Apple Inc, and said on its website that its El Salvador location serves seven international clients, mainly from the United...

  • President Donald Trump attends a signing ceremony for the Interdict Act into law, to provide Customs and Border Protection agents with the latest screening technology on the fight against the opioid crisis, in the Oval Office of the White House in Washington D.C.

    Trump got rebuked by Sen. Dick Durbin for denying that he called some developing nations "s---holes."

  • Larry Fink

    The GOP corporate tax rate cut will make American businesses more competitive globally, he says.

  • MEXICO CITY, Jan 11- Mexico's finance minister on Thursday labeled the U.S. tax law overhaul passed by Congress in December as "regressive" and said the Mexican economy would remain competitive without sweeping cuts to corporate tax rates. The Republican-controlled U.S. Congress defied opposition from Democrats to pass the bill and give President Trump his...

  • DETROIT, Jan 11- Fiat Chrysler Automobiles said on Thursday it will shift production of Ram heavy-duty pickup trucks from Mexico to Michigan in 2020, a move that lowers the risk to the automaker's profit should President Donald Trump pull the United States out of the North American Free Trade Agreement. If the United States exits NAFTA, it could mean that...

  • DETROIT— Fiat Chrysler is moving production of heavy-duty trucks from Mexico to Michigan and paying bonuses to U.S. workers in response to the passage of U.S. tax reform late last year. The automaker will invest $1 billion in its Warren Truck Assembly Plant to make the Ram Heavy Duty Truck starting in 2020. That truck is currently made in Saltillo, Mexico, where...