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Latin America Business News

Mazda to Build $120M Plant in Guanajuato, Mexico

Mazda to Build $120M Plant in Guanajuato, Mexico

The Mexican unit of Japanese automaker Mazda Motor Manufacturing Corp. plans to invest $120 million in a new plant to be built at its complex in Guanajuato, a state in central Mexico, the state government said. continue reading »

Auto Production, Sales in Mexico Increase, Exports Decrease

Auto Production, Sales in Mexico Increase, Exports Decrease

Sales and production of automobiles grew 9.3 percent and 4.1 percent, respectively, in the January-July period, compared to the same period in 2012, but exports fell 2.1 percent, the Mexican Automotive Industry Association, or AMIA, said. continue reading »

Penonome Wind Farm Now Being Built in Panama

Penonome Wind Farm Now Being Built in Panama

Workers have started assembling the Penonome wind farm, the first alternative energy facility of its kind in Panama and the largest in Central America with more than 100 towers. continue reading »

2013 2nd Quarter: Mexico Economy Grows 2.5%

2013 2nd Quarter: Mexico Economy Grows 2.5%

Mexico's gross domestic product grew at an annual rate of 2.5 percent in the second quarter of this year, the government said. "The Mexican economy continued in an expansion trend, albeit with less than expected dynamism," continue reading »

Developing Deep-Water Reserves Will Cost $900 Billion, Says Pemex

Developing Deep-Water Reserves Will Cost $900 Billion, Says Pemex

Mexican state oil monopoly Petroleos Mexicanos said some $900 billion must be invested to develop its deep-water oil reserves in the Gulf of Mexico, estimated at 27 billion barrels. continue reading »

Sustainable Farming in Latin America Preserves Wildlife Habitat

Sustainable Farming in Latin America Preserves Wildlife Habitat

Latin American farms that grow coffee and bananas in an environmentally sustainable manner are serving as biological corridors and even habitat for various species of wildlife, according to a new report by the Rainforest Alliance. continue reading »

John Travolta Stars in Brazilian Liquor Commericial (VIDEO)

John Travolta Stars in Brazilian Liquor Commericial (VIDEO)

A new ad for a Brazilian liquor brand was released this week and it stars an unlikely American actor - John Travolta. The 59-year-old appears in the new commercial for Ypióca brand' continue reading »

Dominican Republic Inaugurates $6M Solar Energy Plant

Dominican Republic Inaugurates $6M Solar Energy Plant

President Danilo Medina inaugurated the $6 million solar energy plant at the Cibao International Airport in the northern Dominican Republic. The 1.5 MW power plant has 5,880 solar panels that generate electricity. continue reading »

Enrique Peña Nieto Vows to Develop Domestic Industry

Enrique Peña Nieto Vows to Develop Domestic Industry

Mexican President Enrique Peña Nieto pledged "to develop more domestic industry" as a means of boosting incomes and spurring economic growth. continue reading »

ILFC Purchases 50 Jets From Brazil’s Embraer for $2.85 Billion

ILFC Purchases 50 Jets From Brazil’s Embraer for $2.85 Billion

The International Lease Finance Corporation, global market leader in the leasing and remarketing of commercial aircraft, has finalized a $2.85 billion deal to purchase 50 jets from Embraer, the Brazilian manufacturer said Wednesday. continue reading »