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August 2021 edition

MEXICO AUTOMOTIVE
Mexico wants talks with United States over auto content rules in trade pact

Workers at Key Mexican GM Plant Scrap Current Contract

One of China’s ‘Big 4’ automakers enters Mexican market

Mexican autos group says COVID-19 slows chip supply efforts, to hit production

All-New 2022 Chevy Bolt EUV Officially Arrives In Mexico

Volkswagen's Mexico unit says strikes deal with union for 5.5% salary rise
"INTERVIEW OF THE WEEK"
The latest Audio Interview features Alejandra Maldonado. Ms. Maldonado is a Project Administrator at Intermex, one of the leading Industrial Real Estate developers and Administrative Services for Maquiladoras. Alejandra has facilitated the soft-landing experience for many foreign companies stablishing operations in Mexico. She represents Intermex at the Mexican Manufacturing Association & Shelter Committee, as well as Chihuahua’s aerospace cluster.
Listen to Alejandra Maldonado Interview here
BRAZIL & LATAM AUTOMOTIVE (continued) ...

After Five Months Downtime, Chevy Onix Production To Resume In Brazil

Latin Resources focuses on priority areas at Salinas Lithium Project in Brazil

Kavak Boosts its Global Expansion by Investing US$500 Million in Brazil

Brazil's Kovi closes $104M Series B to make car ownership 'more inclusive' in LatAm

Toyota Argentina can't find 200 new workers who have finished secondary education

2022 Hyundai Creta production begins in Brazil, may hit Indian shores later
Mitsubishi and UTA to develop technology for automotive assembly

KCS de Mexico to invest US$113.5 million in San Luis Potosi

Juarez’ economy affected by component crisis

THOUGHT LEADERSHIP
This Interview features Diane Moore. Ms. Moore is Senior Manager, Global Employer Services – Expatriate Taxation – with BDO. Diane has more than 25 years of experience in tax consulting, including 3 years with a Big Four firm, and 12 years of experience in the field of expatriate taxation. She has globally coordinated all types of engagements and service offerings ranging from start ups through middle market and including Fortune 500 clients with large global mobility programs.
Listen to Diane Moore Interview here
This Interview features Thomas Karig. Mr. Karig is a speaker and consultant on Mexican automotive industry issues, USMCA rules, and Governance, Risk and Compliance system implementation. He teaches Governance at the IESDE School of Management in Puebla, Mexico. Until recently, he worked for Volkswagen de Mexico in several management positions for 37 years. Most recently, as VP of Corporate Relations and the Compliance Officer. Karig was a member of the Board of Directors of the Mexican Association of the Automotive Industry for 20 years. He also sat on the Board of Directors of the Mexican-German Chamber of Industry and Commerce.
Listen to Thomas Karig Interview here
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Listen to over 200 Audio Interviews with Experts on global automotive related topics such as HR, supply chain, legal, finance, M&A, markets and more:
View list of over 200 Interviews here
Want to learn more about manufacturing or operating in Mexico? Visit here.

To download the "Doing Business in Mexico" report, download report here.
SUPPLY CHAIN, LOGISTICS AND TRADE

Mexico Repeals Rule 5.2.5. from 2020 General Foreign Trade Rules

Central Mexican highways are the most prone to robbery

South Korea/Mercosur round of trade talks at the end of the month

Mexico – CRE Fixes Maximum LP Gas Prices after SENER Issues Emergency Guideline

US extends land border closure for another month due to rising coronavirus numbers

Worldwide: U.S-Mexico-Canada Trade Agreement Impacts

Building A Purpose-Driven Movement: Brazil-Based Steel Company Looks To Scale Positive Impact Through Supply Chain

Paraguayan truckers reach agreement, lift strike and road blockades
MEXICO INDUSTRIAL BUILDING FOR LEASE: NEAR BMW & GM PLANTS
Building available now, and ideal for BMW and GM suppliers for logistics or manufacturing, visit here.

WEBINAR: "Lessons Learned: CEO Insights for Manufacturing in Mexico". Register here.
To learn more about Manufacturing in Mexico, or find an available industrial property, or join the Shelter program, please visit here.

"Doing Business in Mexico", download report here.
MANUFACTURING, ECONOMY & TECHNOLOGY

“Mexico is the New China” and Manufacturers are Moving There

Latina America forecasted to grow 5,8% in 2021, IMF Outlook

7 Reasons to be Skeptical About Digital Expansion in LATAM

Departure of foreign companies from Argentina and also from Brazil on the rise and with no end in sight

Investors wary of South American debt in local currencies

“Only a miracle can save Argentina's economy,” says Brazilian President Bolsonaro

Argentina's inflation for July 2021 measured at 3%
GLOBAL M&A: COMPANIES FOR SALE & LOOKING TO BUY

FOR SALE:
  • TURKEY: Plastic Based OEM Spare Parts Producer
  • CHINA: Rubber Spare Parts Automotive Manufacturer
  • USA: Auto Spare Parts Supplier
  • INDIA: Automotive Supplier
  • USA: Automated Production Material Handling Systems Manufacturer
  • INDIA: Machining Supplier
  • USA: Machine Shop (1)
  • USA: Machine Shop (2)
  • CZECH REP: Aircraft Manufacturer
  • OMAN: Steel Wire Manufacturer

LOOKING TO BUY:
  • Automotive OEM Spare Parts Manufacturers (Looking to Buy or Invest)
  • Machining or Ductile Iron Casting Company
  • Energy Storage, Automotive & Mobility Manufacturers
  • OEM Parts Manufacturer
  • Suspension & Steering System Manufacturer
  • Aluminum Auto Components & Assemblies Supplier

To learn more about the above opportunities, contact Ron Hesse (RHesse@GlobalAutoIndustry.com), or visit our International M&A page here.
FINANCE, TAX, LEGAL AND M&A

Mexican New Invoicing Obligations are Just Around the Corner

Mexico’s outsourcing schemes’ demise and its tax and transfer pricing effects

Mexican Congress Extends Term to September 1 to Comply with Recent Outsourcing Amendments

Brazilian Superior Court of Justice: Can a Creditor Stay Out of Judicial Reorganization If Not Listed in the General List of Creditors?

Brazil’s upcoming tax reform will impact inbound investors

Mexico Creates Introductory Program to Audit Specialized Services

What does Brazil's new receivables regulation mean for fintechs?

Brazil: Federal Government presents second phase of the tax reform project

Brazilian Data Protection Law (LGPD) Administrative Sanctions came into force

Latin America's herd of unicorn startups multiplies

As its startup market accelerates, Brazil could be in for an IPO bonanza
This Interview “As Global Travel Returns to Auto Industry: Protecting You, Your Family, and Employees” features Allen C. Koski. Mr. Koski is President of Insured Nomads, the first insurtech in global benefits. Previously Allen was a Senior Vice President at United Healthcare Global and prior to that instrumental in the growth and development of Cigna Global in roles that ranged across sales and sales leadership.
To listen to Interview, visit here.
Listen to Allen Koski Interview here
HR & TALENT MANAGEMENT

Mexican GM Workers Leave Union After USMCA-Spurred Vote

Mexico: Quick chats for the Mexican workplace

Employer-Led Training: The Answer to Latin America’s Skills Gap?

Argentina: Benefit of reduction of employer contributions for new hirings

Internet Consumption in Brazil Doubles, As Home Offices Multiply

Uruguay Enacts a Law to Regulate Remote-Working

US cancer survivor finds Mexico a healthcare haven
INTERNATIONAL HEALTH AND TRAVEL INSURANCE & SECURITY
International health and travel insurance for the remote worker, traveler and expat now available for the automotive industry worldwide (family members included)

Whether you are a Germany-based engineer visiting Mexico; an India-based executive moving to France; or a US-based SCM professional headed to China on a short-term assignment; GlobalAutoIndustry.com Partner Insured Nomads has the health and security insurance program you need. This is a truly disruptive solution for the international automotive industry!

Get a Quote or Purchase Insurance or learn more, visit Insured Nomads here now.
EVENTS
WEBINAR (August 31, 2021): By INDEX - Consejo Nacional de la Industria Maquiladora y Manufacturera de Exportacion, A.C.
"Lessons Learned: CEO Insights for Manufacturing in Mexico"
To learn more or to register, visit here.

CONFERENCE (October 14-15): By MexicoNow (in-person and virtual)
"USMCA Automotive Industry Summit"
To learn more or to register, visit here.

WEBINAR (recorded December 10, 2020): By MexicoNow
"Mexico’s Heavy Vehicles Industry Outlook 2020 - 2025"
To watch video webinar, visit here.

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