Nemak SAB De CV

Mexico's Alfa <ALFAA.MX> said on Friday it plans to spin off the entirety of its remaining 75% stake in auto parts business Nemak <NEMAKA.MX>, sending Alfa's shares surging 17% on the prospect that the conglomerate could shrug off the struggling unit.

A faster paced energy transition through a speedier shift to electric vehicles has created a new, substantial demand stream for aluminium and major opportunities for auto supply chain firms flying under investors' radar.

Mexican conglomerate Grupo Alfa on Thursday reported a net loss of 2.1 billion pesos ($91 million) for the second quarter as the company took a significant hit from the coronavirus pandemic at several of its business units.

Mexican conglomerate Alfa on Thursday reported 3.5 billion pesos ($146 million) in net profit in the first quarter this year, about three times as much as its net profit the same quarter a year earlier of 1.3 billion pesos.

Mexican auto parts maker Nemak said on Tuesday that it has temporarily suspended its activities in some plants and production lines to reduce costs and to comply with government restrictions due to the coronavirus.

Mexican conglomerate Alfa said on Thursday that it expects 2020 sales of $17.02 billion, down from $17.54 billion last year. It said it will make investments of $902 million this year, versus $920 million in 2019.

Mexican conglomerate Alfa on Wednesday reported an $80 million net profit in the fourth quarter of last year, a fall of two thirds compared to the same quarter a year earlier.

Mexican auto parts manufacturers with clients across North America expect a record year after U.S. approval of a trade deal mandating higher regional inputs, but the new rules pose a bigger challenge to carmakers.

Under the threat of U.S. trade tariffs, Mexico's president has pledged to make his country less reliant on U.S. demand. But exports to its northern neighbor have been one of the few things driving Latin America's second-largest economy this year.

Mexican auto parts maker Nemak said on Wednesday it will close a manufacturing plant in Windsor, Canada, by mid-2020 after the loss of a Chinese client.

U.S. Commerce Secretary Wilbur Ross sees tens of thousands of jobs flowing back into the U.S. auto sector, especially among suppliers, thanks to the Trump administration's new trade deal with Mexico and Canada, while industry executives and analysts are less upbeat as higher...

U.S. Commerce Secretary Wilbur Ross sees tens of thousands of jobs flowing back into the U.S. auto sector, especially among suppliers, thanks to the Trump administration's new trade deal with Mexico and Canada, while industry executives and analysts are less upbeat as higher...

Auto parts output in Mexico will jump about 10 percent over the next three years as automakers scramble to adhere to stricter content rules laid out in a new North American trade deal, a top industry executive said on Monday.

The Argentine peso climbed more than 4 percent on Monday on the back of a debt sale by the central bank aimed at mopping up excess liquidity and signs that the International Monetary Fund (IMF) is solidly behind the inflation-racked country, while the Mexican peso gave up...

The Mexican peso and stocks rose on Monday after a U.S.-Canada trade deal maintained a trilateral agreement including Mexico, while Brazil's real strengthened ahead of the first round vote next weekend. Investors cheered the 11th-hour deal signed on Sunday that kept the...

S&P Dow Jones Indices (S&P DJI) said on Friday that shares in bank Banco del Bajio and pharmaceutical company Genomma Lab would enter Mexico's leading share index from Sept. 24.

Mexico's currency strengthened on Wednesday in its biggest daily gain since last June, buoyed by growing bets that the United States could soften its stance on regional NAFTA trade negotiations looming over the fortunes of Mexican exporters. Mexican infrastructure, real...

Mexican markets rose on Wednesday on growing bets that the United States could soften its stance on regional trade negotiations looming large over the fortunes of Mexican exporters. U.S. President Donald Trump's administration dropped a demand that all vehicles made in Canada...

Mexican stocks bounced back from a 12-week low on Thursday, while concerns about lithium prices drove down shares of a key producer in Chile. The Mexican equities benchmark S&P/BMV IPC index rose 0.3 percent after falling 6 percent in February, its biggest monthly percentage...