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Mexico and Canada are the biggest recipients of US petroleum exports

Green Car Congress

mmbd of petroleum to Mexico in 2019, which was 14% of total US petroleum exports, according to the US Energy Information Administration (EIA). Includes crude oil and petroleum products, such as gasoline, diesel and jet fuel. Total US petroleum exports have been increasing over the last 10 years, reaching an all-time high of 8.5

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Ford investing $2.5B for new engine, transmission plants in Mexico

Green Car Congress

The investment covers three projects: a new engine plant in Chihuahua; expansion of Ford’s I-4 and diesel engine lines in Chihuahua; and a new transmission plant—Ford’s first in Mexico—in Guanajuato. As a result of these investments, the Ford Engine Plant in Chihuahua will become the biggest engine plant in Mexico.

Mexico 150
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GM plans to invest $1 billion to manufacture electric vehicles in Mexico

Electric Vehicles India

GM plans to invest $1 billion to manufacture electric vehicles in Mexico. General Motors has announced its plans to invest $1 billion to manufacture electric vehicles in Mexico adding the 5th plant in North America with EV production capacity. GM plans to invest $1 billion.

Mexico 59
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Audi to build production plant in Mexico; new SUV begins production in 2016

Green Car Congress

AUDI AG Board of Management and Supervisory Board of AUDI AG approved plans to build a North American plant in Mexico. It will be possible to supply customers worldwide with cars built in Mexico to Audi’s renowned standard of quality. TFSI in the RS Q3 concept combines gasoline direct injection and turbocharging.

Mexico 218
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Renault-Nissan Alliance and Daimler expand cooperation with new $1.4B plant in Mexico; next-gen compacts for Mercedes-Benz and Infiniti

Green Car Congress

The Renault-Nissan Alliance and Daimler AG are significantly expanding their cooperation with joint development of premium compact vehicles and joint production in Mexico. This increased Nissan’s total capacity in Mexico to more than 850,000 vehicles annually. Mexico is already an important market for Daimler.

Infinity 210
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Bloomberg Intelligence: US border tax could boost gasoline prices average $0.30/gallon

Green Car Congress

If the proposed broad 20% border-adjustment tax were implemented and applied to the energy sector, the result would likely lead to a large increase in gasoline prices and a big premium in domestic oil prices vs. international, according to new analysis by Bloomberg Intelligence. Mexico is the fourth-largest supplier of US oil imports.

Tax 150
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Rheinmetall expects to win €22M order for aluminum pistons for the North American market

Green Car Congress

The system is destined for the four-cylinder gasoline engine of a new line of passenger cars made by the automaker for the North American market. Production and installation of the components, both of which will take place at the customer’s facilities in Mexico, begins in 2024. LiteKS piston. Earlier post.)

Market 243