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Santander, Volvo Boost EV Financing in Mexico with 31% Growth
By MBN Staff - Wed, 12/24/2025 - 13:59
Santander Mexico and Volvo Car Financial Services boosted EV financing in 2025, with a 31% rise in units and 30% sales penetration.
https://mexicobusiness.news/tag/volvo
More Automotive
Mexico’s Auto Sector Weakens Ahead of 2026 USMCA Review
By Óscar Goytia - Thu, 12/04/2025 - 12:18
Mexico’s auto industry is under pressure with FDI down 20%, exports falling and blockades hitting supply chains as the 2026 USMCA review approaches
Guadalajara to Add 53 Electric Volvo Buses by Mid-2026
By Óscar Goytia - Fri, 11/28/2025 - 14:41
Guadalajara is acquiring 53 electric Volvo buses for service by mid-2026, advancing its transit expansion ahead of the 2026 FIFA World Cup
Honda Halts Mexico Output on Chip Shortage; COMPAS Plant Closes
By Óscar Goytia - Thu, 10/30/2025 - 16:43
This week in auto news: Honda halts production in Mexico over chip shortages, while Nissan–Mercedes end JV, closing the COMPAS plant
Volvo 3Q25 Profit Beats Estimates Despite 8% Drop in Sales
By Teresa De Alba - Fri, 10/24/2025 - 17:12
Volvo posts 3Q25 operating profit above estimates, aided by US$1.9 billion cost cuts, despite an 8% drop in global vehicle sales YTD
Auto, Truck Sectors Back 50% China Tariffs; EVs Raise Concerns
By Óscar Goytia - Fri, 09/12/2025 - 08:39
Mexico’s auto and truck industries back up to 50% tariffs on Chinese imports, while EV sector warns it could slow cleaner mobility adoption
ANPACT Leads 4th Reforestation Drive, 600 Trees Planted
By MBN Staff - Tue, 09/09/2025 - 12:26
Mexico’s heavy-vehicle industry plants 600 pine trees in Toluca during its 4th annual reforestation drive, led by ANPACT and 86 volunteers.
Chinese EV Makers Invest More Abroad Than at Home in 2024
By Teresa De Alba - Wed, 08/20/2025 - 14:58
Chinese EV makers invested more in overseas plants than domestic ones in 2024, marking a global market shift
Geely Debuts EX5 EV in Mexico, Undercuts Rivals
By MBN Staff - Tue, 08/12/2025 - 13:25
Geely debuts its EX5 EV in Mexico at MX$699,990, about MX$100,000 cheaper than rivals like BYD Yuan Plus and Chevrolet Equinox EV
Gov. García Tours Volvo Site Amid NL’s Clean Transit Push
By MBN Staff - Mon, 08/04/2025 - 17:33
Gov. Samuel García tours Volvo site after NL buys 200 electric buses; part of plan for 4,000 clean units to boost air quality and transit access.