April 11, 1996 |
Just four years ago, the Kenworth truck assembly plant here was flying high, churning out about 5,000 heavy rigs a year, enough to corner 40% of Mexico's big-truck market and keep 1,300 employees busy in what is Baja California's only major automotive plant. Last year, the Kenmex plant, owned by Paccar Inc. of Bellevue, Wash.
August 18, 1999 |
Honda Motor Co. said it will begin exporting its Mexican-made Accords to the United States in October, thus joining other major auto companies in selling their Mexican-built models in the U.S. market. Honda currently produces the Accord in Mexico for the domestic market and imports the Civic to Mexico from its U.S. plants in Ohio. Next year Honda will also begin making Accord engines in Mexico. It currently imports the engine from the United States.
June 21, 2001
* The Mexican unit of Germany's Volkswagen unit said it will continue producing the classic sedan known as the "Bug" for an "indefinite time," responding to a Mexican newspaper story alleging that the model, whose basic design dates to the 1930s, would be discontinued. Mexico is the only remaining country that produces the car, which is the cheapest on the market there.
August 22, 2000 |
* Workers at Volkswagen's plant in Mexico lowered their wage demands in a bid to end a strike that has paralyzed production of the company's New Beetle, Jetta and Golf models. The union, which represents about 12,700 workers, is now asking for a wage boost of 20% to 25%, down from the 35% originally demanded. Mexico's Labor Ministry is helping broker the ongoing contract talks. The workers went on strike Friday morning after turning down the company's offer of a 9.2% wage increase.
December 14, 2000 |
Auto sales and production are still booming in Mexico, November figures showed. But executives in the rapidly expanding industry say a U.S. economic slowdown could begin to hurt production next year, because most units are exported across the border to U.S. showrooms. Total new car and truck production in November rose to 165,119 vehicles, up 32% from November 1999, the highest total for that month since the 1994 peso devaluation and ensuing economic crisis.
January 23, 1995 |
In the most dramatic sign yet of the threat Mexico's financial crisis poses to employment, Nissan Motor confirmed plans to lay off 1,000 workers--nearly 10% of its work force--because the country's economic problems are likely to crimp demand for cars. Nissan has proposed the job cuts to the labor union at its factory in Cuernavaca, south of here, which makes cars primarily for the Mexican market, a company spokesman in Tokyo said early this morning.