Latin America economic thread

The Washington-based International Monetary Fund (IMF) released a report this week forecasting a “strong rebound” in Uruguay's economy this year. Driven by a surge in agricultural exports amid “balanced” macroeconomic risks, a 3.7% growth has been projected.

The IMF also foresees an increase in cellulose production by UPM and the recovery of real wages. In addition to this year's figures, the credit agency envisions a 2.9% improvement for 2025.

After the agricultural reactivation following a historic drought in 2022 and 2023, the IMF highlighted the easing of financial conditions in the South American country, as well as robust private consumption stemming from a salary update, coupled with a reduction in the price gap of products given the reduction of the currency exchange in neighboring Argentina.

The IMF admitted that Uruguay went through “the worst drought in the last century” in October 2022 and April 2023, which caused significant losses and affected agricultural production.

Uruguay's inflation is also expected to grow in the second semester of 2024 amid a gradual easing of rates by the Central Bank (BCU) in addition to wage growth. Still, the overall results are not expected to pierce the government's target. According to the IMF, “continued vigilance of monetary policy is crucial to continue to build credibility and support de-dollarization efforts.”

All these forecasts were released as President Luis Lacalle Pou sails through his last year in office. The Uruguayan Constitution does not allow back-to-back terms. In this scenario, the country is going through several scandals as politicians vie to succeed the Multicolor leader.


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View: https://www.youtube.com/watch?v=SUfHnMCtBYc
 
Summary: In 2022 Brazil was the world's number 11 economy in terms of GDP (current US$), number 25 in total exports, number 26 in total imports, number 82 economy in terms of GDP per capita (current US$ ) and the 49th most complex economy according to the Economic Complexity Index (ECI)

Exports: Brazil's main exports are N/A, exporting primarily to China ($90.1B), United States ($36.6B), Argentina ($15.4B), Netherlands ($11.8B), and Spain ($9. 78MM).

In 2022, Brazil was the world's largest exporter of Soybeans ($47.2B), Raw Sugar ($11.5B), Frozen Beef ($11B), Poultry Meat ($8.95B), and Coffee ($8.86B).

Imports: Brazil's main imports are Refined Petroleum ($23B), Crude Oil ($8.78B), Motor Vehicles; Parts and accessories (8701 to 8705) ($7.96B), Potassium fertilizers ($7.59B), and Mixed mineral or chemical fertilizers ($7.44B), importing mainly from China ($64B), United States ($49.4B) , Germany ($13.5B), Argentina ($12.6B), and India ($9.78B).

In 2022, Brazil was the world's largest importer of Potassium Fertilizers ($7.59B), Pesticides ($7.06B), Phosphate Fertilizers ($1.39B), Malta ($715M), and Hydrazine or Hydroxylamine Derivatives ($261M).

Location: Brazil has borders with Argentina, Bolivia, Paraguay, Peru, Suriname, Uruguay, and Venezuela by land.

 
President Gustavo Petro proposed on the night of this Friday, June 7, 2024, to advance a "forced investment" with the help of private banks to reactivate Colombia's economy.

"It could be forced investment. That for a bank today, I'm not saying always, but today, it could be more profitable. Because the bank today gives credit with more risk or it doesn't give and, if it doesn't give the credit or the credit is with more risk, it is weakening. On the other hand, if the money passes to us and we give the credit, we have to pay the bank," said the Colombian leader.

And, in that sense, the head of state explained that “the State's payment to the bank is much healthier” and “much less risky.”

“And we could subsidize the interest rate with the budget,” said President Petro.

This announcement by the President of the Republic took place during the closing of the Asobancaria Congress that took place in Cartagena, capital of the department of Bolívar.

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View: https://www.youtube.com/watch?v=asJmhNxD_6g
 
This Sunday we will try to learn more about the world of Mexican organized crime through several interviews with gang groups, starting with the youngest and ending with a member of the largest and most feared cartel in the entire country, the Cartel Narcos Jalisco New Generation.
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But how many people are on the payrolls of Mexican cartels?

Researchers have calculated that the number is 175,000. That number, which would make the cartels the fifth-largest employer in the country,
has risen steadily over the past decade, according to their study, published Thursday in the journal Science and based on a variety of data to build a mathematical model of the workforce.
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View: https://www.youtube.com/watch?v=k_tZBC_Wdm8&list=UULFwXh0iKPlI4hXNntPECFSbg&index=18
 
Guadalajara, in the state of Jalisco, is the city that receives the most ‘investments’ from the country's narco groups.A beautiful, charming city, but it hides murky stories, such as that of the leader of the church ‘La Luz del Mundo,’ who was arrested in the USA for child abuse or the murders perpetrated by criminal gangs such as ‘Fantasmas 23’ or ‘Las Chivas.
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View: https://www.youtube.com/watch?v=B9QoSfL9I_4&list=UULFwXh0iKPlI4hXNntPECFSbg&index=10
 
Mexico has risen to third place among the world's largest automotive exporters. According to the World Trade Organization (WTO), Mexican automotive exports surged by 22.5% to US$158 billion in the past year, surpassing both Japan and the United States, whose exports increased by 16.3% and 13%, respectively.

The European Union (EU) remains the leader with exports totaling US$831 billion, followed by China at US$170 billion. Mexico's leap positions it slightly ahead of Japan and the United States, both at US$157 billion. These figures encompass the export of light and heavy vehicles, as well as automotive parts and components.


The automotive industry's landscape is expected to undergo rapid changes in the coming years, driven by advancements in electric and hybrid vehicle production, autonomous technology, car-sharing models, and subscription-based business models.

Over the past decade, Chinese automotive exports have seen an unprecedented increase of 270% from 2013 to 2023. In comparison, Mexico's exports grew by 90.4%, the EU by 25.7%, the United States by 15.6%, and Japan by 3.3%.

Other automotive exporters in 2023 included South Korea with US$94 billion, Canada with US$63 billion, the United Kingdom with US$51 billion, Thailand with US$32 billion, and Turkey with US$30 billion.

The global automotive industry has faced considerable turbulence in recent years due to the COVID-19 pandemic, resulting in a global semiconductor shortage and other supply chain disruptions. Additionally, a strike by the United Auto Workers (UAW) union in the United States and escalating geopolitical challenges have compounded the industry's transition to electric vehicles.

 
Mexico retains its position as the seventh-largest vehicle producer globally, with a production of 4,002,047 units in 2023, according to recent data from the International Organization of Motor Vehicle Manufacturers (OICA). The country is steadily competing with its close counterparts, Germany and South Korea.

Germany, holding the sixth position, manufactured 4,109,371 vehicles, while South Korea, in fifth place, assembled 4,243,597 units. Globally, vehicle production witnessed a significant surge, surpassing 93 million units in 2023, marking a notable recovery from the pandemic-induced downturn in previous years. However, the industry has yet to reach the peak of 2017 when 97 million units were produced.

The top ten manufacturing countries experienced robust growth rates, with China leading the pack with a 12% increase. Notable performers also include Japan (15%), South Korea (13%), Germany (18%), Mexico (14%), and Spain (10%). Major players in the manufacturing sector, covering both conventional and electric vehicles, include China, the United States, Japan, India, South Korea, Germany, Mexico, Spain, Brazil, and Thailand.

The year 2023 marked a pivotal moment for the automotive industry, indicating a notable recovery from the disruptions caused by the Covid-19 pandemic, including supply chain issues and semiconductor shortages.

However, challenges persist, particularly in Mexico, where port congestion and customs delays hinder the smooth flow of goods, compounded by the influx of Chinese automotive brands. These delays impact various aspects of the automotive sector, from supply chain logistics to commercialization, as reported by the Mexican Automotive Industry Association (AMIA).

The global rise in vehicle production is further propelled by the rapid expansion of electric vehicle manufacturing, with China emerging as a dominant player. According to OICA, in 2023 alone, China sold 30 million electric vehicles, solidifying its position as the world's primary exporter in this segment.
 
In this video I'm going to reveal the 10 crops that bring the most money to the Colombian economy. Get ready, because I'm sure the first 4 are going to surprise you with the large amount of income they generate.

10. Cocoa:
Cocoa generates more than $100 million a year for Colombian producers.
9. Mango:
Mango generates income of around $250 million annually.
8. Avocado:
Avocado cultivation generates income of around $400 million a year.
7. Potato:
Potato generates income of around $500 million a year.
6. Rice:
Rice generates income of more than $700 million a year.
5. Banana:
Banana generates income of more than $1,000 million a year.
4. Flowers:
The flower industry generates more than $1,700 million a year.
3. Coffee: ☕
Coffee generates revenues of around $1.9 billion per year.
.2. Sugarcane:
The sugarcane agroindustry generates revenues of around $2 billion per year.
1. African palm:
The cultivation of African palm generates revenues of around $2.3 billion per year.


View: https://www.youtube.com/watch?v=fCPPX28X_B4

Discover the 10 crops that generate the most money for Mexico's economy. In this video, we will take you on a fascinating tour of the 10 most important crops in Mexico, revealing their impact on the country's economy and culture.

10. Alfalfa Cultivation: A forage giant: Mexico produces 30 million tons annually, ranking as the sixth largest producer in the world.
9. Mango Cultivation: A tropical flavor that conquers the world: Mexico produces 2.18 million tons annually, being the sixth largest producer in the world.
8. Jalapeño Cultivation: The spiciness that Mexico gives to the world: 3 million tons annually position Mexico as the second largest producer in the world.
7. Lemon Cultivation: An indispensable citrus fruit: Mexico produces 3 million tons annually, being the second largest producer in the world.

6. Corn Cultivation: A cultural and economic symbol: Mexico produces more than 28 million tons annually, being the seventh largest producer in the world.
5. Pepper Cultivation: A rainbow of flavors: Mexico produces 3.5 million tons annually, making it the second largest producer in the world.
4. Agave Cultivation: The home of tequila: Mexico produces 2 million tons annually, making it the largest producer in the world.
3. Sugar Cane Cultivation: An essential sweet treat: Mexico produces 56 million tons annually, making it the seventh largest producer in the world.
2. Sorghum Cultivation: A multi-purpose cereal: Mexico produces 7.1 million tons annually, making it the third largest producer in the world.
1. Avocado Cultivation: The undisputed king! Mexico produces 2.7 million tons annually, making it the largest producer in the world.


View: https://www.youtube.com/watch?v=p4POeaz3pw0&list=UULFkr9snWvDuL5KU9RFE0TLmQ&index=11
 
About
Exports: In 2022, Colombia exported $43.6M in Other aircraft (e.g., helicopters, airplanes); spacecraft, including satellites..., making it the 54th largest exporter of Other aircraft (e.g., helicopters, airplanes); spacecraft, including satellites... in the world. In the same year, Other aircraft (e.g., helicopters, airplanes); spacecraft, including satellites... was the 88th most exported product in Colombia. The top destination for Other aircraft (e.g., helicopters, airplanes); spacecraft, including satellites... exports from Colombia are: Ecuador ($31.6M), United States ($9.69M), Uganda ($2.02M), Guatemala ($199k), and Dominican Republic ($54.5k).

The fastest growing export markets for Other aircraft (e.g., helicopters, airplanes); space vehicles, including satellites... from Colombia Between 2021 and 2022 were Ecuador ($31M), United States ($8.12M), and Uganda ($2.02M).

 
Currently, Mexico produces 95% of the auto parts used for the assembly of vehicles in plants installed in the United States, revealed Alberto Bustamante, deputy director and spokesperson for the National Agency of Automotive Sector Suppliers (ANPA).

“The vehicles manufactured in Mexico go to more than 100 countries. However, 80.8% go to the United States. This is very interesting and corresponds to the integration we have, the percentage increases every day and this is largely due to the Free Trade Agreement between Mexico, the United States and Canada (T-MEC),” Bustamante explained.

From January to December of last year 2023 alone, it was recorded that around 88.8 percent of the vehicles manufactured by Mexico stayed in North America. “We are married to the United States in terms of the supply of vehicles and auto parts-components. If the United States closes the border of the automotive sector, goodbye to the Mexican automotive market,” he said.

Currently, Mexico has 14 free trade agreements signed with 52 countries. “However, we are only using one free trade agreement. We send vehicles to 100 countries, but the percentages are minimal. That is why the public policies carried out in the United States are so important. The current trade war with China has greatly favored the growth of the Mexican automotive market, that is, what China sent to the United States, it now sends to our country.”

He added: “We must be very careful in the next elections that are coming in the neighboring country. Donald Trump will most likely return, who as you know during his term was the one who opened the T-MEC and who said that it would be renegotiated.”

Top 10 producers worldwide of light vehicles

The executive reported that Mexico is currently occupying seventh place as a producer of vehicles. “In 2011, our country occupied ninth place. It has already surpassed Spain, Brazil and Thailand. I am almost certain that Mexico will overtake Germany in the next two years to become the sixth largest auto producer in the world, with a production of more than 4 million light vehicles annually,” he said.

Mexico produces around 3.8 million vehicles, of which approximately 2.8 million units correspond to pickups and SUVs. “The interesting thing about all this is the growth that has been taking place year after year. If we make a comparison at the end of 2023, where we closed with 3.8 million units produced compared to 2022, we see that we have double-digit growth, that is, an increase of 14.2 percent. At the end of this year we will reach or exceed the goal of 4 million units manufactured,” predicts the director of the ANPA.

Auto parts manufacturing

Currently, Mexico produces 120,000 million dollars in auto parts. In first place is China, which annually produces more than 500 billion dollars, followed by the United States with 285,716 million dollars, Japan with 180,977 million dollars and Germany with 95,000 million dollars.

“China is the big winner, not only in the production of auto parts, but also of vehicles, it is a monster in the automotive sector and in several sectors. In the forecasts for Mexico, we are expected to close this year with a figure of 126,000 million dollars in terms of auto parts manufacturing. This puts us on a slightly higher step to reach and compete with Japan,” he details.

He added that two years before the pandemic, Germany was the fourth largest auto parts producer. “However, in 2020 Mexico managed to recover and Germany did not. This means that the forecast for Germany is that it will possibly reach 100 million dollars in terms of auto parts manufacturing.”

Bustamante said that “Not only is Mexico the main supplier for the United States in the automotive sector, but at a multi-sector level it is a source of pride. So far in 2024 alone, 127 announcements of Foreign Direct Investment (FDI) have been made, equivalent to 39,157 million dollars, this is a historical record, never in the history of Mexico had announcements been made for these amounts. If we continue with these announcements, we will easily reach 50,000 million dollars of FDI.”

“Of the 39 billion dollars of FDI, 56 percent is for the manufacturing sector. In addition, 50 percent of the jobs that will be generated correspond to the automotive sector, equivalent to almost 55 thousand new jobs. This is what is coming this year in terms of foreign investment,” Bustamante details.
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The main investments that come to Mexico come from countries such as: the United States, Germany, Argentina and China.

T-MEC Review

“Something very important will be the review of the T-MEC, the labor chapter and the Regional Content Value (RCV) of auto parts, components and machinery that are made with parts and components from the United States will be analyzed.

 
Through the project “Development of specialized talent on site for semiconductors”, Intel and the Secretariat of Innovation, Science and Technology (SICyT), through the State Council of Science and Technology of Jalisco (COECYTJAL), opened a new call at the national level in search of 100 young Mexican university students, graduate students or recent graduates, to be trained in the development of chips.

Also in the design of computers, technological validation with artificial intelligence, the cloud, silicon prototype and systems.

This program will give the country's youth the necessary elements for the development of semiconductors and the capabilities to work in a team, providing them with knowledge in areas of platform and package design, validation, software and skills that the industry dedicated to the development of high technologies demands.

The training that the young people will receive will be financed with resources from the government of Jalisco and the company Intel, which detailed its application within the facilities of the Guadalajara Design Center (GDC), one of the most important Intel centers in Latin America.

The 100 students who benefit from the program will gain experience working on advanced projects, in courses in various areas of knowledge of the semiconductor development chain, and a certificate, which will enhance their experience and skills. “There will also be a periodic connection with the business ecosystem through job fairs to allow those involved in the project to successfully enter the world of work,” Intel explained in a statement.

The agreement was signed by Jesús Palomino, general director of Intel GDC; Alfonso Pompa Padilla, secretary of Innovation, Science and Technology of the government of Jalisco; Francisco Medina, general director of COECYTJAL; and Roger Eleutheri, president of Canieti de Occidente.

"For Intel, it is essential to promote collaboration between public and private institutions to enable the development of technological innovation that seeks positive change in society. The development of specialized talent is key to achieving this goal and addressing the need to build a more balanced and resilient semiconductor supply chain. Investing in the education of the country's youth is the key to making Mexico and Latin America global leaders in nearshoring in the semiconductor industry," said Jesús Palomino.

Refrigerator production in Mexico has been consolidated in recent years at an international level, occupying a space in most homes, businesses and industries in the United States and Canada, but, after the Covid-19 pandemic, local manufacturing began to gain new ground in other regions of the world, such as South America and Europe.

Mexican manufacturing occupies the first place globally in terms of the export of refrigerators with freezers, the third in compression refrigerators, and is increasingly positioned at the forefront of the industrial and commercial refrigerator categories.

Whirlpool, Mabe, LG, Hisense, Criotec, Bosch, Electrolux, among others, are some of the companies that have managed to consolidate themselves and that maintain growth and expansion plans due to the high demand.

The production, distribution, storage and marketing line of refrigerators in Mexico includes multiple commercial regions with great advantages, having connections with international bridges, seaports and highways, in states such as Baja California, Chihuahua, Jalisco, State of Mexico, Guanajuato, Puebla and Nuevo Leon, the latter being a central point for manufacturing.

From the world perspective, Mexico ranks fifth in the production of household appliances, with profits of around 14.8 billion dollars a year, where 24% of production corresponds to the manufacture of refrigerators.

Growth
Given the importance of maintaining a permanent link to promote this industry, the Household Appliance Cluster in the state of Nuevo Leon (Clelac) visualizes a growth of more than 4% during the following years.

The refrigerator occupies an important place, being an essential household appliance for homes and various economic regions. Clelac's general manager, Yoelle Rojas Quintero, explained that "in Mexico, refrigerator production has stood out internationally. We see among the competitive advantages that the manufacturing industry began in this sector, so there is experience, training, constant innovation, applied technology and quality, since that is something that characterizes the workforce."

The growth of manufacturing in household appliances is seen even greater than in the aerospace or automotive industries.

To develop and adapt new skills within the production chain, educational programs focused on industry collaborators stand out, which allow them to obtain recognition and professional diplomas.

More than 413,000 jobs depend on the household appliance sector in Mexico; the recognition of human capital is part of the priority, Rojas Quintero added.

Among the economic data of the production of refrigerators with freezers in Mexico, it stands out that in 2014, 2,648 million dollars were obtained, and in terms of compression refrigerators, around 412 million dollars in this same period.

Innovation and new products
As a basic household appliance, the production of refrigerators in Mexico faces constant changes and innovation processes, which are linked to consumer demands, for example, that they require less electricity, that they have energy saving methods or that in their transport, production and use policies that care for the environment are implemented.

In this scenario, the director of Clelac explained that the association has promoted various meetings and activities that result in new articles.

“In the positive growth scenario that we see for the production of refrigerators in Mexico, we see a trend in implementing energy saving methods, with sensors to reduce consumption, controls from devices and interconnectivity; companies serve each of these areas and are even developing new lines that are attractive.”

Another aspect is the search for increasingly harmless materials, which reinforce the quality already offered with “polymers that can maintain greater freshness, cleanliness and prevent the spread of germs,” said the director.

The ease of obtaining new technologies, obtaining qualified labor, and having competitive and expanding suppliers are some of the advantages that stand out as part of the production lines of refrigerators in Mexico and that have been taken advantage of by companies that currently distribute to the entire world.




For years, Mexico has strengthened its infrastructure and its qualified workforce, attracting significant investments in the aeronautical industry. According to data from the National Institute of Statistics and Geography (INEGI), the sector has shown an annual growth of 8% in the last five years, with exports exceeding 7,000 million dollars annually.“In the country, there are 450 companies belonging to the aerospace industry, they employ more than 110,000 people, becoming a market with a value of about 4,600 million dollars annually for the country,” said Fadlala Akabani, head of the Secretariat of Economic Development (SEDECO) of Mexico City.But the strategic location is not the only point in favor of attracting investments from this industry. An analysis prepared by ESSAD, a firm specialized in human talent management, determined that labor at a lower cost and with technical knowledge allows it to compete with any international market.“Another factor contributing to this growth is the presence of universities, such as Tec de Monterrey and UNAM, which guarantees that the workforce required for this industry is already being prepared. Mexico has trained aeronautical technicians and engineers since 1937. Currently, there are 21 institutions that offer 52 aerospace education programs at levels from technical degrees to master's degrees,” said Oscar Solís, Director of Administration at ESSAD.The study also reveals other points in favor of the Mexican Republic compared to other countries, such as the presence of strong internal markets, especially in Querétaro, Monterrey and Puebla.The salaries paid for the different specialized positions, which comprise the majority of the workforce, do not vary according to the geographic location of the industry; However, it should be noted that the benefits granted in all cases are higher than the minimum legal requirements, and even more so in the case of the northern states of the Mexican Republic, because the cost of living is higher in that area.“In Querétaro, a large part of the specialized industry is concentrated, so the existing human talent is already hired for the most part; likewise, in the state of Puebla there is a small part of the industry, which makes it difficult to obtain human talent. Monterrey is a city that would ensure less turnover and a more agile and effective attraction of talent compared to other cities,” explained Jesús Moscoso, a lawyer specializing in labor matters and CEO of ESSAD.Areas of opportunityESSAD experts warn that to attract greater investments in the aeronautical sector, certain conditions must be improved. “Foreign companies believe that the control of airport operations by the Mexican Armed Forces and the constant legal reforms can work against their business opportunities in the country,” said Daniel Luna, co-author of this research and director of Pay Roll at ESSAD.Another point they see against them, explained Luna, is the high tax rate paid for payroll and labor rights. However, they believe that having the advice of experts on legal and labor matters at hand can help foreign companies stay in Mexico, with greater certainty about their operations.

 
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Brazil will be the leading exporter of computer chips in Latin America thanks to a multi-million dollar investment
With an ambitious investment of R$ 650 million, Zilia Technologies not only seeks to strengthen its presence in the Brazilian market, but also to establish itself as a leader in innovation and technology worldwide.
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On June 20, the decision was announced for the tender of 211 buses to Foton for Mexico City. The winning unit is the result of the alliance that was had with the new commercial partner: Carrocerías Hermanos Becerra (Beccar).

The Foton – Beccar buses will face the social action program “Replacement of units with 10 or more years of age that provide the collective public passenger transport service” promoted by the Mexico City Mobility Secretariat. The units will circulate in the area of Azcapotzalco, Xochimilco center and Tlalpan Center.

The Foton – Beccar Urbi G2 models are equipped with validators, passenger counter, help button, GPS, security cameras, seats for people with disabilities, space for a guide dog, as well as visual and tactile devices.

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Its operating engine is a Cummins ISF4 diesel and complies with the Euro V emissions standard, its 6-speed manual transmission is ZF Ecolite, ABS+EBD braking system and it has capacity for 25 people.

Delivery of units will begin in October and will take place before the end of the year. "Foton Mexico continues to provide transportation solutions to the country's governments, this is a result of the quality of the multiple transportation solutions that the brand has," the manufacturer reported.

BECCAR is a 100% Mexican company with more than 30 years of experience in the production of bus bodies.

 
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Metal Laser Cutter Models SIDECO Development
CNC machines designed by Mexicans for Mexicans
SIDECO (CNC cutting systems)
Mexican company with more than 10 years of experience and 2 offices in the most industrial and profitable cities in the country: Mexico City and Monterrey.

View: https://www.youtube.com/watch?v=_oisNn2NNtk

View: https://www.youtube.com/watch?v=iqwe6wBBgAE
 
in 2022 Dina built 500 vehicles
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Freightliner led the production of heavy vehicles in Mexico during May 2024 with 9,602 units, according to the monthly report of the Administrative Registry of the Heavy Vehicle Automotive Industry (RAIAVP), and with this, the company positioned itself in first place in the sector.

The company of American origin is responsible for designing, manufacturing and marketing cargo units throughout the world, with Mexico being one of its central pieces in the production chains.

In the RAIAVP records, supported by the National Institute of Statistics and Geography (INEGI), it is also indicated that the accumulated production during the first four months of this year of Freightliner amounts to 48,576 units in the country.

Mexican production of cargo and passenger trucks

On the other hand, the report highlights the presence of other companies such as Kenworth with a production of 835 units in May, the International company with 690, Mercedes-Benz Buses with 346, followed by other companies such as Volkswagen Trucks and Buses, Volvo Buses, Isuzu, Hino, Foton and Dina.

With this, the production of heavy vehicles (cargo and passenger trucks) in the country was 12,141 units in this period, and Freightliner with 9,602 units, represented more than 79%.

The United States is the first consumer of Mexican vehicles
The automotive industry is one of the fastest growing industrial sectors in Mexico, therefore when presenting data on heavy vehicle exports, the RAIAVP indicates that around 9,932 units were sold abroad in May.

The United States led the lists with a 96.4% absorption in the export market, then Canada with 2.4%, Colombia with 0.5% and the remaining percentage in other countries that remain classified.

How is RAIAVP prepared at Inegi?

The RAIAVP study is carried out in Mexico in agreement with 10 companies affiliated with the National Association of Bus, Truck and Tractor Producers A. C. (ANPACT), Sparta Motors S. de R. L. de C. V. and Yutong de México S. A. de C. V, who report on the marketing of 16 brands and the production of heavy vehicles in Mexico.

Regarding sales, the month of registration (May 2024), the report concludes that the companies sold 4,242 heavy vehicles at retail and 3,462 at wholesale within the national market.

MegaFlux will deliver the first 10 Class 8 electric trucks to Grupo Modelo
By Elvira Fernández
04/20/2023

MegaFlux manufactures trucks tailored to the needs of Grupo Modelo's product delivery and, from an order of 100 units, will deliver the first 10 low-bed vehicles, with a range of 150 km and a Gross Vehicle Weight of 18 tons, model MF18T.

The critical components of these units are manufactured in Mexico. The batteries were placed behind the cabin, in order to have space to configure the low bed. In addition, they have only the batteries necessary for their operation, since the trucks travel between 40 and 80 kilometers a day.

In addition, the brewing company is interested in converting conventional vehicles to electric ones, knowing the viability of this action, reported Roberto Gottfried, CEO of MegaFlux.

In this sense, he pointed out that the conversion of units is the best option for the early adoption of electric fleets.

“In Mexico, each year there is a stock of 280 thousand urban distribution trucks between five and 10 years old in operation that have adequate mechanical conditions to convert to electric motorization by adapting the drive train,” he highlighted.

This type of action not only contributes to the environment but also improves the efficiency of delivery fleets. “We have calculated that the conversion generates total cost of ownership savings of around 35%,” he indicated.

MegaFlux has a plant in Iztapalapa, in Mexico City, with an area of 20 thousand m2 and 450 collaborators. Its production capacity is up to 2 thousand trucks per year. The company has patented the technology to adapt the powertrain for three types of voltages of vehicles between 3 and 18 tons.

More projects
With Danone and Bonafont, MegaFlux is also configuring Class 6 electric units for its first prototype. If the vehicle meets its requirements, then manufacturing and delivery is planned.

Regarding the bus conversion project that they are carrying out in partnership with DINA for RTP, he explained that the chassis and body are manufactured by this manufacturer and MegaFlux is responsible for the powertrain and integration of electrical systems.

Later, the company will have advances in vehicles for refrigerated boxes, for vocational application and light vehicles.

 
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Thanks @E-195 for giving peek about your part of the world. Bring in more Latin people to the forum from different parts. Lets hear the world view from their PoV. I had a question: How much is the interference of US/West in internal affairs of Latin countries. Do you also face Social engineering at massive scale,, subterfuge ops and indigenous cultural destruction attempts from them?

I'll give you an example. India has had Christianity before it even went in Europe. Christians have their own PoV but they generally lived alongside rest Native cultures fine. But new form of Evangelical has seeped in rapidly in India which is very aggressive, uses underhand methods and is massively financed by states that is rapidly converting tribals and other using power of money, threat and social pressures mimicing their Sand cousins. This is something even Older Christians complained about as they find the new versions being aggressive and having disdain for their older form. Apart from that they are actively covertly collab with red & green crescent.

Does Latin America see similar level of interference?
 
Thanks @E-195 for giving peek about your part of the world. Bring in more Latin people to the forum from different parts. Lets hear the world view from their PoV. I had a question: How much is the interference of US/West in internal affairs of Latin countries. Do you also face Social engineering at massive scale,, subterfuge ops and indigenous cultural destruction attempts from them?

I'll give you an example. India has had Christianity before it even went in Europe. Christians have their own PoV but they generally lived alongside rest Native cultures fine. But new form of Evangelical has seeped in rapidly in India which is very aggressive, uses underhand methods and is massively financed by states that is rapidly converting tribals and other using power of money, threat and social pressures mimicing their Sand cousins. This is something even Older Christians complained about as they find the new versions being aggressive and having disdain for their older form. Apart from that they are actively covertly collab with red & green crescent.

Does Latin America see similar level of interference?
well Latin america is a Western civilization however is not a pure European civilization, thus usually we are looked by the western elites in the EU and the USA as subjects.

However all we are humans and humans can develop technology and since technology has spread, all nations can develop technology.

Some markets are larger, China and India thus big companies can appear in these two large countries.

Latin america has remained fragmented thus to make a large market as India or China has not been done
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In general we have 39% of Europeans and around 50% mixed race peoples in Latin America, however our culture is Iberian incrusted with african or native American elements.
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Since we have been fragmented there is not a sense of being american iberians and economically this is reflected in the fact we have very poor countries like Honduras or Bolivia, and millions of poor in all countries.
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Add we are like the USA or Canada the american experiment, a transplanted European civilization into the Americas adding none European elements.
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Since we all are humans, we should cooperate but selfishness is creating troubles.


Eventually we will become one nation in Latin America, or at least a common market, that is part of globalization.

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We are connected by the Iberian culture and as any civilization we can create technology and we have poverty, we are mostly christians, (the vast majority catholic) but our christianity has none christian elements in some sects.

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Thanks @E-195 for giving peek about your part of the world. Bring in more Latin people to the forum from different parts. Lets hear the world view from their PoV. I had a question: How much is the interference of US/West in internal affairs of Latin countries. Do you also face Social engineering at massive scale,, subterfuge ops and indigenous cultural destruction attempts from them?

I'll give you an example. India has had Christianity before it even went in Europe. Christians have their own PoV but they generally lived alongside rest Native cultures fine. But new form of Evangelical has seeped in rapidly in India which is very aggressive, uses underhand methods and is massively financed by states that is rapidly converting tribals and other using power of money, threat and social pressures mimicing their Sand cousins. This is something even Older Christians complained about as they find the new versions being aggressive and having disdain for their older form. Apart from that they are actively covertly collab with red & green crescent.

Does Latin America see similar level of interference?
what you are asking me is more a cultural and political question, thus I will go into a little bit of History.

I am Mexican, you may ask were you colonized?

The answer is very hard, because since some of my ancestors were native american, the answer is yes, but since some of my ancestors were Europeans the answer is not.


In latin america the concept of race thus of culture is complex since some of my relatives hace different degree of mixing, and that determines cultural preferences.

In my blood there is Aztec blood, Spanish, Italian and Finnish blood, thus my culture is that.

People who are more European in Latin america have preferences for the European culture same africans they prefer african roots or Native americans native american roots but since intermixing has made a hybrid culture, each country has developed a national identity.

But in economic terms, larger market means more chances to create much more advanced companies.
Europe and the USA know that, thus they try to keep us Fragmented, but Globalization is pushing us to become a common market.

Very likely we are going to be neutral perhaps a bit Pro-Russian or even Pro-BRICS, but we can not cut our cultural and ethnic links to Western Europe.
 
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Thanks E--190 for your perspective. If I may prod little, do people give more importance to their Native roots or to European infusion? Dont get me wrong - I am really curious to know how much native cuture & beliefs surived inspite of europenization. That is how much of your native languages survive(ie not spanish/portugese/english), beliefs and food culture(food is amazing, i dont eat meat but used to enjoy Rajma chawal in Roti - burrto a lot )

Case in point in India for eg most muslims are direct result of conversions and appropriations during invasions. And in muslims barring some faint remainant cultural elements and racial features - they completely eschew their native roots and identify themselves with ummah.

Limited interactions with mexicans I found them to be proud mexican, had typical aspirations like any other immigrant from another part of world.sometimes I used to have hard time sometime ascertaining if the person was mexican or Indian from afar - on few occaisons mixed them. But apart from mainstream media about calling euros as Gringos in the lingo, u could not make out social interactions from their PoV. Whites as usual had issue with all immigrants of color whether mexican, carribean, Indian etc this is what I ascertained from few interactions I regularly with sane set of drivers.

As per you is it that Mexicans view them as euopean race? I can very well see atleast from cities layout all over latin america is very. European new world architecture for sure. In few videos done by indian vloggers few villages in remote still seem to be living and maintaing old way in south america. But i thought since your ambassador of latin america in DFB you can better to talk about it first hand.
 
Thanks E--190 for your perspective. If I may prod little, do people give more importance to their Native roots or to European infusion? Dont get me wrong - I am really curious to know how much native cuture & beliefs surived inspite of europenization. That is how much of your native languages survive(ie not spanish/portugese/english), beliefs and food culture(food is amazing, i dont eat meat but used to enjoy Rajma chawal in Roti - burrto a lot )

Case in point in India for eg most muslims are direct result of conversions and appropriations during invasions. And in muslims barring some faint remainant cultural elements and racial features - they completely eschew their native roots and identify themselves with ummah.

Limited interactions with mexicans I found them to be proud mexican, had typical aspirations like any other immigrant from another part of world.sometimes I used to have hard time sometime ascertaining if the person was mexican or Indian from afar - on few occaisons mixed them. But apart from mainstream media about calling euros as Gringos in the lingo, u could not make out social interactions from their PoV. Whites as usual had issue with all immigrants of color whether mexican, carribean, Indian etc this is what I ascertained from few interactions I regularly with sane set of drivers.

As per you is it that Mexicans view them as euopean race? I can very well see atleast from cities layout all over latin america is very. European new world architecture for sure. In few videos done by indian vloggers few villages in remote still seem to be living and maintaing old way in south america. But i thought since your ambassador of latin america in DFB you can better to talk about it first hand.
I understand what you mean. So i will answer you up to my knowledge.

Do latin americans and Indians we look alike?
The answer is yes because you are not a race, I mean you are a mix of races, and in the case of mexicans we have similar climate so even some Mexicans look native or even Mongolian looking, others look Iranian arab or Indian, because we are not a race.

Do latin americans have an anti-European mentality?

The answer is yes, education and politican education has formed some anti-european feeling in some latin americans,
I do not have it since I have realized while I am not European 100%, I am partially European, thus I can not deny any of my roots.

But it will depend in the person, and country, in Argentina and Uruguay close to 90% of the people are pure Europeans and the rest with very little indigenous blood, so they are proud of being Europeans.

Same some people in Mexico, in the USA you will not tell apart a white Mexican from an Anglo or any white Latin American from a white gringo.
Nor you will tell apart a Black Latin american from an African american.

Do latin Americans consider them selves Ibero americans?

Since we are a a mixture of civilizations, depending in the country each country and each person has developed an Idea of himself or her self.

One of my Brothers is white but he looks a bit Khazak a bit Mongolian-European, I have another brother if he goes to India you will think he is from North India, my mother looked syrian or Portuguese and one of my sisters Yemenite jew, In the USA they thought I was Iranian I mean in Texas, where there are plenty of Mexicans.

However my White Brother he likes Asia, he even likes China and Japan.

But in My family there are different degrees of Mixing I have relatives who are almost 100% white or were white like my grand mother who was pure white from my mother`s side or my grand father from my father`s side who was mostly Native american so how a person sees himself depends in the indiviual her or him self

My Mother had two great grand fathers from Spain.
 
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