Weekly Roundups

Puebla Grabs the Spotlight

By Alejandro Enríquez | Thu, 10/15/2020 - 17:33

Puebla takes the spotlight as Volkswagen introduced Taos, its new compact SUV model that required a US$40 million investment. Audi Mexico is still in talks to settle disputes regarding local communities and unions. Meanwhile, the UK Department for International Trade is confident USMCA will bring new opportunities to UK companies for local manufacturing of automotive components. 

In this week's featured interviews, KPMG details how the pandemic accelerated industry trends while Iberdrola showcases energy companies as strategic allies for the sector. Chinese giant Yanfeng details its plans to expand its footprint in Mexico. Following our talent series, we introduce Marcela Barreiro, Director of HR at Daimler Mexico, the country's No. 1 place to work in manufacturing.

Buckle your seatbelt. This is the Week in Automotive!

Puebla Grabs the Spotlight

Taos will be Volkswagen’s new bet on the SUV segment. The company projects a 20 percent sales increase over the upcoming five years for the US and 40 percent for Mexico. "With the production of the new Taos, we create more certainty for our workers at our Puebla plant in the middle term," said Steffen Reiche, President of Volkswagen México.

Also located in Puebla, Volkswagen's premium sibling Audi continues to face disputes over a so-called debt the automaker has with local authorities. Last week, workers tried to close the plant. Audi Mexico released a statement where it confirms it will be talking with local authorities.

UK Sees Opportunities for Automotive Investments in Mexico

UK DIT organized the online conference “Why Mexico? Outlook on the Opportunities for the Automotive and Advanced Engineering Sectors,” where industry experts addressed the opportunities the sector represents, particularly for the UK. Don't miss the highlights.

Featured Interviews

KPMG: The Pandemic Accelerated Industry Trends. Albrecht Ysenburg, Partner Leader of Automotive Industry and Oscar Silva, Partner Leader of Global Strategy Group at KPMG provide an overview of the sector's trends.

Vicente Aparicio, Commercial Director Mexico of Iberdrola, explains why the energy giant is the ideal ally for Mexico's automotive sector.

As part of the Chinese giant Yanfeng, Yanfeng Automotive Interiors Mexico is taking its local footprint to the next level.

Moving on with our talent series, Marcela Barreiro, Director of HR at Daimler Mexico, explains the keys to become the No.1 best place to work in manufacturing. 

Hyundai Motor Group Welcomes New Chairman

Hyundai Motor Group welcomes Euisun Chung as its new Chairman with a vision based on humanity, customers, the future and the company’s social commitment. Don't miss the highlights of Chung's human vision for the Korean giant.

NIO's Stock Price Skyrocketing

NIO is a Chinese automaker that designs and manufactures premium electric vehicles. After a year of its IPO, NIO's shares reached historic lows in 2019 just to grow year-on-year sixteen-fold in October 2020. Learn more about the company that could be the Chinese Tesla.

MAGNA and Renault in the Electrification Race

Reuters reported Fisker Inc, a US startup about to go public, confirmed Magna International will build its Ocean SUV, its flagship model. 

Renault also unveiled its new electric car concept with a design that emulates premium EVs presented by other brands.

Alejandro Enríquez Alejandro Enríquez Journalist and Industry Analyst