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Car plant

VW to spend $1 billion on Mexico assembly plant expansion for Tiguan

German carmaker Volkswagen will invest about $1 billion to expand its vehicle assembly plant in Mexico's Puebla state and prepare it for production of the new Tiguan compact crossover SUV, the company said on Monday.

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Volkswagen Group

Volkswagen to announce $1 billion investment in Mexico: source

German carmaker Volkswagen (VOWG_p.DE) will next week announce an investment worth around $1 billion in Mexico to expand its Puebla plant, a person familiar with the matter said on Thursday.

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Agustin Carstens

Possible rate hikes unlikely to affect Mexico growth much: Carstens

Possible interest rate increases in the months ahead are unlikely to have a major impact on growth in Mexico, central bank governor Agustin Carstens said on Tuesday.

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Federal Reserve Bank

Fed rate rise timing back in the spotlight

Greece's struggles with its euro zone creditors may have grabbed much of the world's attention, but U.S. Federal Reserve Chair Janet Yellen is likely to reclaim the spotlight this week with testimony on a long-anticipated shift in policy.

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Assembly plant

U.S. becomes hot spot for aerospace manufacturing

The aerospace industry is shifting more manufacturing investment to the United States after a decade in which production jobs in the sector flowed to China and other emerging economies, according to a new study.

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Toyota

Toyota ends freeze on expansion, looks at three new plants

Toyota Motor Corp (7203.T) is ending a three-year freeze on building new vehicle assembly plants and is looking to open two new assembly plants in China and another in Mexico, four executives familiar with the company's plans said.

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Procter & Gamble

P&G to sell soap brands Camay and Zest to Unilever

Procter & Gamble Co said it would sell its soap brands Camay and Zest to Unilever Plc for an undisclosed amount to focus on its faster-growing brands.

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Refinery

Oil shock to tilt Mexico energy opening in private sector's favor

The allure of investing in Mexico's historic oil sector opening has been dimmed by the plummeting price of crude, putting pressure on the government to offer bigger incentives to private investors in the first major round of contracts up for grabs.

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Ford

Ford expands Takata driver-side air bag recall in U.S.

Ford Motor Co on Thursday expanded the recall of older-model Mustang cars that have driver-side Takata air bags with inflators, to include about 502,500 vehicles.

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Chrysler

Chrysler renames itself as FCA US

U.S. automaker Chrysler Group LLC said it had changed its name to FCA US LLC effective immediately to follow the naming convention of its parent Fiat Chrysler Automobiles (FCA) NV (FCAU.N).

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Takata

Takata tightens screws on suppliers as air bag crisis mounts: sources

Takata Corp. (7312.T) has begun enforcing tighter quality controls on a group of parts suppliers as the auto safety equipment maker boosts production to replace millions of air bags recalled for a potentially deadly defect, according to people involved.

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Suburban train

China plans to bid again for Mexico high-speed rail project

China plans to tender again for Mexico's $3.75 billion high-speed rail project after the Latin American nation abruptly canceled its earlier win, one of the firms in a Chinese-led consortium that had bid and a source close to the bid said.

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Mexican billionaire, Carlos Slim

Mexican billionaire Slim to take top stake in Spanish builder FCC

Mexican billionaire Carlos Slim is set to become the largest investor in Spanish builder FCC after reaching a deal with the firm's current top shareholder Esther Koplowitz to buy her rights to participate in a $1.3 billion capital increase.

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Igor Sechin

Saudi, Russia pre-OPEC talks yield no oil output cut

Impromptu talks between Saudi Arabia, fellow OPEC member Venezuela and oil powers Russia and Mexico yielded no agreement on Tuesday on how to address a growing oil glut, ending without any plan to cut output despite a collapse in prices.

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Virgin America flight crews with Pres. and CEO David Cush (3rd R)

Virgin America soars in market debut

Shares of Virgin America Inc, a low-cost airline partly owned by Richard Branson, soared more than 30 percent in their market debut, underscoring the buoyant mood in an industry that is emerging from a long spell of turbulence.

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