Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Michelin announces new $510 mil plant in Mexico

Michelin today announced plans to build a production facility in the center of Mexico to manufacture high-end tires for passenger cars and light trucks.

The first tires are expected to come off the production line in fourth-quarter 2018. The new plant in León
(Guanajuato state) is the Group’s 21st in North America and 69th worldwide. Its location reflects Michelin’s
commitment to producing its tires as close as possible to the markets in which they are sold.

The construction of the 142,000-square-meter plant, which represents an investment of €450 million ($510
million), is . . .

Read Full Story

Related Posts

Puerto Vallarta mass wedding draws over 300 couples

Puerto Vallarta mass wedding draws over 300 couples

More than 300 couples were married in Puerto Vallarta’s mass civil wedding, a public event...
Puerto Vallarta trafficking fight stalls amid corruption

Puerto Vallarta trafficking fight stalls amid corruption

A specialist says corruption and surface-level enforcement are weakening anti-trafficking efforts in Puerto Vallarta and...
Mexican peso exchange rate

Peso weakens past 18 as markets weigh war and rates

The peso slipped past 18 per dollar after Banxico cut rates and global tensions lifted...

Why $100 Oil Still Raises Everyday Costs in Mexico

Mexico produces oil, but households still absorb fuel shocks through freight, food prices, tax subsidies,...