Ford Motors announces a move back to Mexico to produce electric cars Business Mexico 

Ford Motors announces Mexico return to produce electric cars

Mexico City, Mexico — Fotor Company is modifying its plant in Cuautitlán Izcalli, state of Mexico, to produce its first electric vehicle for global customers because it allows them to have significant savings in production cost and space. The company says that they expect to start the assembly of this vehicle in 2020, in what will be the first mass electric car produced in Mexico. They reiterated that they are accelerating their development of aspirational electric vehicles that will be leveraged with their brand strength, while in Michigan (where they originally…

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Pemex farming out 40 fields to private companies Business Mexico 

Pemex farming out 40 fields to private companies

Mexico City, Mexico — Pemex says they are preparing to farmout clusters of their smaller oil fields to companies in order to gain better oil prices. Carlos Treviño, CEO of Pemex, explained that the farmouts will be grouped in up to seven clusters, mostly terrestrial. He says Pemex is working with the Treasury to assign a new fiscal framework for these associations. After the awarding of three farmouts to private companies, Pemex enlisted 40 more grouped into four or seven clusters or blocks of oil fields, mostly land, said Carlos Treviño. He says they are…

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Modelo to build new 14 billion peso process plant to produce 9 million bottles of beer per day Business Mexico 

Modelo to build new 14 billion peso plant to produce 9 million bottles of beer per day

Mexico City, Mexico — Mexican beer producer Grupo Modelo plans to invest almost 14 billion peso ($754 million USD) to build a bottling and processing plant in the municipality of Apan, Hidalgo. Construction is scheduled to begin later this year and will begin operations in the first quarter of 2019. Grupo Modelo, which is owned by the world’s largest brewer Anheuser-Busch InBev, produces and exports Corona, Modelo and Pacífico beers, among others. The new plant will initially have an annual capacity of 12 million hectoliters that will eventually be increase to double. The new development was officially announced by…

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Cancun airport narcotics dog sniffs out drug shipments second time this month Cancun Mexico 

Cancun airport narcotics dog sniffs out drug shipment second time this month

Cancun, Q.R. — A package of narcotics has been detected at the Cancun International Airport by Memin, the on-site drug dog. Memin managed to sniff out a shipment of drugs in a large container departing from Cancun, bound for Manchester, England. Inside the outgoing aluminum container, police discovered cocaine and hashish wrapped in cylinder wrappers inside the frame of the container. In total, police found 70 grams of cocaine and 55 grams of hashish. This is the second time this month Memin has sniffed out drugs from packages. On November…

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Old school leader of Los Zetas crime ring arrested Mexico Mexico City 

Old school leader of Los Zetas crime ring arrested

Mexico City, Mexico — Federal forces have arrested a man they believe to be a regional head of the Los Zetas crime ring. Arrested in San Fernando, Tamaulipas, the alleged regional head of Los Zetas Old School, Martiniano de Jesus Jaramillo, is being held responsible for his possible link to the 2010 killing of 72 migrants. He is also being linked to the disappearance of activist Miriam Elizabeth Rodríguez and an American. The 56-year-old is considered the ring leader of Los Zetas Vieja Escuela (Los Zetas Old School), a man they believed died…

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Retired Mexican navy ship to be sunk for artificial reef Around Mexico 

Retired Mexican navy ship to be sunk for artificial reef

Heroica Veracruz, Veracruz — After 41 years of continuous service in the Mexican Navy, the destroyer ship ARM Comodoro Manuel Azueta D-111 is ready to be sunk to the bottom of the sea to become part of the Reef Park of Veracruz. The sinking will be done pursuant to the guidelines issued by the Ministry of the Environment and Natural Resources (SEMARNAT), which includes a provision to remove from the ship all material which could pollute the environment or represent a hazard for underwater activities. The goal of the sinking is to create an artificial reef to…

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American prisoner escapes US jail, heads to Mexico Mexico 

American prisoner escapes US jail, heads to Mexico

West Virginia — An American prisoner who escaped from his US jail cell was arrested in Texas after authorities learned he was heading to Mexico. American authorities have reported that Todd Wayne Boyes was stopped and arrested Sunday as he tried to cross the Rio Grande from Laredo, Texas into Mexico. West Virginia Department of Military Affairs & Public Safety reported that Todd Wayne Boyes, 44, was stopped at 4:00 a.m. as he attempted to cross the Rio Grande from Laredo, Texas. U.S. Customs and Border Protection caught Boyes about 1,500 miles from Charleston’s…

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Mexican peso takes another fall against US dollar Business Mexico 

Mexican peso takes another fall against US dollar

Mexico City, Mexico –The Mexican peso took another fall against the US dollar yesterday, registering a depreciation of 0.6 percent, increasing the exchange rate to 19.19 units, according to data from the Bank of Mexico. At the official closing yesterday, the peso registered a second fall that took the dollar to 19.22 units, a level that has not been seen since March. The strength of the dollar in the international market was the main factor of the depreciation of the peso in the session yesterday, an element that was also reflected in other emerging currencies. Yesterday, Indeed,…

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