China’s Didi is coming to Mexico to compete against Uber

didimexico

Didi Chuxing, the go-to ride-hailing service in China, is looking to bring the fight to Uber in North America by entering Mexico soon, reports Reuters. The company – which claims to have 450 million users on its platform and is the second most highly valued venture-backed private firm on the planet – is said to have met with ProMexico, More...

by sanmigueltimes | Published 2 days ago
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By sanmigueltimes On Friday, December 15th, 2017
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Ford to shift midsize sedan production out of Mexico

(Reuters) – Ford Motor Co has told suppliers it plans to shift production of midsize Fusion and Mondeo sedans out of Mexico and Spain in 2020 and move it to China, three sources said on Wednesday. The automaker More...

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By sanmigueltimes On Sunday, December 10th, 2017
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Exxon Mobil inaugurated its first gas station in Mexico on December 6, 2017

From oil majors to trading companies to pipeline operators, U.S. companies are jumping at the chance to supply a newly free Mexico fuel market. After years of preparation, Mexico finished liberalizing prices for More...

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By sanmigueltimes On Saturday, December 9th, 2017
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Ford Motor Co. to build new electric vehicle in Mexico

According to USA Today, Ford Motor Companyplans to build a new electric vehicle in Mexico rather than in Michigan, choosing instead to build a future self-driving vehicle at the Detroit-area plant. The Flat Rock, More...

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By sanmigueltimes On Friday, December 8th, 2017
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Giving in 2017 Donations Planned for 2018 due to Proposed Tax Changes

Hiding beneath the headlines in this year-end US tax debate in the US Congress, one proposed change jumped out the loudest: the proposed doubling of the standard deduction. Whoa… We thought we had better look More...

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By sanmigueltimes On Wednesday, December 6th, 2017
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U.S. trade deficit with China and Mexico is growing

According to Money CNN, Trump often cites the U.S. trade deficit as a sign that America is losing to China, Mexico and other countries on trade. He uses it to justify renegotiating trade deals and slapping tariffs on More...

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By sanmigueltimes On Saturday, December 2nd, 2017
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Google announces new cell-phone application for Latin America

According to María Teresa Arnal, CEO of Google Mexico, the country, along with others such as Brazil, India and Indonesia, will be the engine for the growth of technology users… MEXICO – Google is aware that More...

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By sanmigueltimes On Thursday, November 30th, 2017
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Mexico Economy Minister says U.S. NAFTA autos proposal ‘Not Viable’

WASHINGTON (Reuters) – Mexican Economy Minister Ildefonso Guajardo said on Wednesday that demands by the Trump administration for a U.S.-specific automotive content requirement in NAFTA was “not viable,” More...

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By sanmigueltimes On Monday, November 27th, 2017
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“Coco” sets box office record in the US during Thanksgiving weekend

Pixar’s “Coco” sang its way to the fourth best Thanksgiving weekend ever with an estimated $71.2 million over the five-day weekend, a total that easily toppled Warner Bros.’ “Justice More...

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By sanmigueltimes On Monday, November 27th, 2017
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Natural disasters hinder Mexico’s economic growth this year

According to Newsweek, the natural disasters that struck Mexico last August and September left more than just material damages and human loss. Mexican economy’s third-quarter gross domestic product decreased 0.3 More...