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Latin America Business News

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NYC’s New Taxis to be Made Exclusively at Nissan Mexicana

NYC’s New Taxis to be Made Exclusively at Nissan Mexicana

Production has started on a vehicle that will be used exclusively in New York City's taxi fleet, with $200 million invested in developing the platform, the Mexican unit of Japanese automaker Nissan Motor Company said. continue reading »

World’s Business International Crossing: Tijuana-San Ysidro Border Crossing to Get Major Overhaul

World’s Business International Crossing: Tijuana-San Ysidro Border Crossing to Get Major Overhaul

Mexico and the United States plan to unveil a series of "major improvements" later this week on the Tijuana-San Ysidro international border crossing in an effort to speed up the millions of daily border crossings, the Mexican Foreign Relations Secretariat said Tuesday. continue reading »

Falling Prices of Spain’s Luxury Homes Attracting Foreign Buyers

Falling Prices of Spain’s Luxury Homes Attracting Foreign Buyers

Spain's luxury real estate market has become a magnet for wealthy buyers, especially foreigners and investment funds, looking for opportunities to acquire choice properties selling at discounts of nearly 20 percent due to the economic meltdown. continue reading »

First Time in 80 Years Mexico to Open Oil Assets Up for Private Investors

First Time in 80 Years Mexico to Open Oil Assets Up for Private Investors

President Enrique Peña Nieto on Monday unveiled energy industry reforms that call for changing two articles in the Mexican Constitution to modernize the sector by allowing private investors to play a bigger role without stripping the nation of its ownership of natural resources. continue reading »

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 »

3M Investing $400 Million in Research Centers in Mexico

3M Investing $400 Million in Research Centers in Mexico

U.S. industrial giant 3M Co. plans to invest $400 million over the next three years in three research centers in Mexico, Mexican President Enrique Peña Nieto said. continue reading »