Weekly Roundups

Automakers Bet on Mobility

By Alejandro Enríquez | Thu, 08/13/2020 - 17:22

Automakers continue to bet heavily on the future of mobility. PSA Group presented the next steps for its Mobility-as-a-Service business subsidiary, Free2Move. Meanwhile, Hyundai Motor introduced IONIQ, its electric vehicle brand. 

This week's expert opinion was written by Guillermo Prieto, President of AMDA. In our featured interviews, Luis Monsalvo, Panelist to USMCA’s facility-specific rapid response labor mechanism between the US and Mexico, details the perks of Mexican labor reform and USMCA labor requirements.

As a sneak peek into Mexico Automotive Review 2019/20, we present you our interview with Tlaxcala's Minister of Economic Development and our analysis on GM, Ford and FCA's strategies to adapt to the industry downturn.

Sit tight, this is the Week in Automotive!

Hyundai Introduces IONIQ

Hyundai Motor Company launched its IONIQ brand, which will be dedicated to battery electric vehicles under the company's vision of "Progress for Humanity," smart mobility and connected lifestyle solutions. IONIQ will introduce three EV models over the next four years: IONIQ 5, IONIQ 6 and IONIQ 7.

You can read the full article here

Fre2Move, PSA's Mobility-as-a-Service Bet 

PSA Group announced that its car-rental and car-sharing branch, Free2move, is ready to receive outside investors. The mobility subsidiary of PSA Groupe was founded in 2016 and the app, launched in 2017, reached 1 million users in 10 different countries in less than 18 months after its launch. 

You can read the full article here

Featured Interviews

This week, Guillermo Prieto, President of AMDA evaluates the new normality and Mexico's strategies to approach it. On the other hand, Luis Monsalvo, recently appointed panelist to USMCA's facility-specific rapid response labor mechanism between the US and Mexico explains in detail the implications of USMCA labor requirements.

Mexico Automotive Review 2019/20

As part of our annual report, we present our interview with Jorge Vázquez, Minister of Economic Development of Tlaxcala, who explains the state's investment priorities. Meanwhile, the role that the US Big Three play in the Mexican automotive sector is addressed through our analysis on how companies are adapting to changes in the industry.

International Roads

Speaking of GM, Reuters reports that in Brazil, the company is struggling to overcome the COVID-19 crisis as it continues its plans to reduce its workforce in the south American country. In North America, Tesla announced a five-to-one stock split, which is raising interest among investors. 

Alejandro Enríquez Alejandro Enríquez Journalist and Industry Analyst