article thumbnail

Yokohama Rubber breaks ground for new passenger car tire plant in Mexico | Autocar Professional

Baua Electric

recently marked a significant milestone with a ceremony held on April 15 for its upcoming passenger car tire plant in Mexico. Additionally, it underscores the company’s commitment to tailored “Product and Regional Strategies,” ensuring tire offerings align with distinct market trends across regions.

Mexico 52
article thumbnail

Tesla in talks with Mexico for facility, but no deal finalized yet: official

Teslarati

Reports about Tesla’s potential facility in Mexico emerged last year after CEO Elon Musk visited the area and met with officials. That being said, the official stated that Tesla’s possible investment in Nuevo Leon is “similar to all the other companies considering investment in the state.”

Mexico 145
article thumbnail

ZF opens state-of-the-art technology centre in Mexico | Autocar Professional

Baua Electric

Global technology company ZF officially opened the campus that will house four corporate function hubs for North America and the company’s first R&D centre in Mexico, on April 4, 2024. It is the first multi-functional and multi-divisional campus for ZF in Mexico. This investment is a win-win.

Mexico 52
article thumbnail

Mazda and Sumitomo to establish vehicle production plant in Mexico and sales company in Brazil

Green Car Congress

Mazda Motor Corporation has signed formal agreements and begun preparations to establish a Mazda vehicle production facility in Mexico and a sales company in Brazil, in alliance with Sumitomo Corporation. Mazda will hold 70% of both the production plant and the sales company; Sumitomo will hold 30% of each.

Mazda 199
article thumbnail

Nidec and Embraer to form JV to develop electric propulsion system for aerospace

Green Car Congress

Japan’s Nidec Corporation and Brazil’s Embraer agreed to establish a joint venture company, called Nidec Aerospace LLC, to develop electric propulsion systems for the aerospace sector. The headquarters, located at Nidec Motor Corporation (NMC) in St. The companies expect their transaction to close at the second half of 2023.

St. Louis 186
article thumbnail

Nucor and JFE Steel form plate joint venture to supply growing demand in automotive market in Mexico

Green Car Congress

Nucor Corporation is forming a 50-50 joint venture with JFE Steel Corporation of Japan to build and operate a plant in central Mexico to supply that country’s automotive market. Automotive production in Mexico is projected to increase from 3.4 JFE Steel Corporation is one of the world’s leading integrated steel producers.

Mexico 150
article thumbnail

Mazda plans to increase production capacity in Mexico to 230K units from FY ending March 2016

Green Car Congress

Mazda Motor Manufacturing de Mexico S.A. V (MMMdM), a joint venture production company owned by Mazda Motor Corporation and Sumitomo Corporation, will increase the production capacity at its plant currently under construction in Salamanca, Mexico in the fiscal year ending March 2016.

Mexico 231