Mexico agrees to stop “rotation” of tariff’s but will not lift them until agreement is reached

Jan 112011
 
 11/01/2011  Posted by PMC at 08:28 on 11/01/2011 1 Response »
Mexico agrees to stop "rotation" of tariff's but will not lift them until agreement is reached

MEXICO CITY – Mexico will maintain punitive tariffs on 99 U.S. products but will not add any more goods or change the list pending negotiations over a new program to allow Mexican cargo trucks on U.S. roads, the government announced Monday. Economy Secretary Bruno Ferrari said the move is a show of goodwill as the two countries begin discussing an initiative the U.S. presented last week to lift a U.S. ban on Mexican trucks. “As of this moment we stop that rotating process” — the expansion of the taxed list and the periodic changing of goods subject to the punitive ….Read More

President Calderon announces opening of bids for Punta Colonet Mega Port Project

Aug 302008
 
 30/08/2008  Posted by PMC at 22:48 on 30/08/2008 Comments Off
President Calderon announces opening of bids for Punta Colonet Mega Port Project

ENSENADA – Traveling to a remote coastal community 150 miles from the U.S. border yesterday, President Felipe Calderón formally announced the bidding for Mexico’s $5 billion rail-and-seaport project at Punta Colonet. Billed as the most ambitious infrastructure project of Calderón’s administration, the port would open a new trans-Pacific route for Asian products headed to the American heartland. It would capture some of the trade that now heads to ports at Long Beach and Los Angeles, which both face congestion. The Punta Colonet container ship project “is one of those that truly transforms and revolutionizes the productivity of the country,” Calderón ….Read More

Mexican Truck Maker Heads to New Destinations

Apr 272008
 
 27/04/2008  Posted by PMC at 19:18 on 27/04/2008 Comments Off
Mexican Truck Maker Heads to New Destinations

Four years ago, the Government got rid of a state-controlled company that lost $25 million a year turning out smoky buses and trucks that could barely climb Mexico’s mountains. That same company, Consorcio Grupo Dina, is now operated by a team of businessmen and has an annual profit of $90 million on a new line of trucks and buses. It is one of five Mexican companies listed on the New York Stock Exchange. Three weeks ago it announced a preliminary agreement in the United States market with the acquisition of Motor Coach Industries International of Phoenix, the largest bus manufacturer ….Read More

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