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Thread: Carlos Slim And Mexico's Bread Giant Bimbo To Launch A Made-In-Mexico Electric Car

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  1. #1
    Senior Member JohnDoe2's Avatar
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    Carlos Slim And Mexico's Bread Giant Bimbo To Launch A Made-In-Mexico Electric Car

    FEB 6, 2017 @ 04:29 PM
    829 VIEWS The Little Black Book of Billionaire Secrets

    Billionaire Carlos Slim And Mexico's Bread Giant Bimbo To Launch A Made-In-Mexico Electric Vehicle

    Dolia Estevez , CONTRIBUTOR

    I cover Mexico's billionaires, politics and U.S.-Mexico relations

    Opinions expressed by Forbes Contributors are their own.


    At a time when American auto giants are under pressure to bring back production from Mexico to the U.S., Mexican billionaire Carlos Slim Helu is planning an expansion of his modest presence in Mexico's auto industry. Giant Motors, controlled by Slim's financial services conglomerate, Inbursa, is in the process of manufacturing a made-in-Mexico electric vehicle with plans to launch it commercially next year, Forbes Mexico reported.

    "We are developing a new Mexican electric vehicle that will not only be assembled [in Mexico], but also designed and modeled to meet the needs of Mexican consumers," Elías Massri, Giant Motors' CEO for Latin America told Forbes Mexico.

    Carlos Slim, right, and his son Carlos Slim Domit, at a pess conference in Mexico City Jan. 27, 2017. (AP Photo/Rebecca Blackwell)

    The vehicle, which will be designed by Giant Motors, will be manufactured in a joint venture with Moldex, a subsidiary of Grupo Bimbo, a Mexican-based multinational which is the world’s largest bread maker.

    Giant Motors expects to complete a working prototype late this year to be able to market it in 2018. The company said it plans to introduce the car as an electric taxi in Mexico City, the nation's densely populated capital where air pollution is a continuing concern.

    Giant Motors will seek government funding and collaboration to help promote it as an environmentally-sound alternative.


    Last week, Slim's Giant Motors announced a 4.4 billion peso (around US$215 million), alliance with Chinese auto maker JAC Motors to manufacture vehicles in Mexico's central state of Hidalgo.


    JAC, or Jianghai Automobile Company, builds both trucks and passenger vehicles and has had a presence in Mexico since 2007.

    Slim's Inbursa will be the principal shareholder in the venture.


    Grupo Bimbo, maker of Entenmann's, Thomas' English Muffins, Mrs. Baird's breads and the Sara Lee brand (which Grupo Bimbo purchased in 2011), was co-founded in 1954 by Lorenzo Servitje.


    Lorenzo Servitje, 98, passed away on Friday. The Mexican press reported that his funeral was attended by a number of Mexican billionaires and businessmen, including mining tycoon Alberto Bailleres and Grupo Carso Chairman Carlos Slim Domit (Slim Helu's eldest son), as well as Mexican President Enrique Peña Nieto, among other prominent business and political figures.


    Daniel Servitje Montull, Lorenzo Servitje's son, is Grupo Bimbo's Chairman and CEO.


    http://www.forbes.com/forbes/welcome...ws.google.com/
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  2. #2
    Senior Member Judy's Avatar
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    That's great! Good for you Carlos! Investing in your own country with a nice product suited to your citizens. Nationalism at its best. Boy, that little talk with Trump gave you all kinds of ideas didn't it? Best of luck with your program to hire Mexicans to make things for Mexicans so they can afford to buy the products they make.
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    Senior Member JohnDoe2's Avatar
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    "Last week, Slim's Giant Motors announced a 4.4 billion peso (around US$215 million), alliance with Chinese auto maker JAC Motors to manufacture vehicles in Mexico's central state of Hidalgo."


    JAC to collaborate with Giant Motors ...

    www.chinadaily.com.cn › Business › Motoring
    5 days ago - JAC to collaborate with Giant Motors despite analyst disapproval ... In 2016, 17.59 million cars were
    sold in the US and almost two million cars ...


    In 'Milestone' Move, GM to Sell Chinese-Made Cars in U.S. - China ...

    blogs.wsj.com/chinarealtime/.../in-milestone-move-gm-to-sell-chinese-made-cars-in-u...
    In 'Milestone' Move,
    GM to Sell Chinese-Made Cars in U.S. ...cars in the U.S. Early next year, the Detroit auto giant will start to sell the Buick ... Still, they said the sale of a Chinese-brand auto in the U.S. remains a long way off.


    First China-Built Car Headed To The U.S. This Year - Forbes

    www.forbes.com/sites/jimgorzelany/.../first-china-built-car-headed-to-the-u-s-this-yea...
    First China-Built Car Headed To The U.S. This Year ... Only the first “made in China” model sold here won't come from Chery, or any other ... Geely Holding Group, which purchased the Swedish automobile maker from Ford Motor Co. .... Small Business · Financing · Small Giants · Solopreneurs ...

    Mitsubishi to stop making cars in U.S., sell plant - USA Today

    www.usatoday.com/story/money/cars/2015/07/23/mitsubishi...cars.../30593593/
    Mitsubishi Motors, once one of the top Japanese auto brands, is going to stop producing cars in the U.S., Reuters is reporting based on a Nikkei ...

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    Senior Member JohnDoe2's Avatar
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    Chinese-Mexican tie-up to invest $200 million in Mexico car plant

    Yahoo Finance-Feb 1, 2017
    Mexico's Giant Motors and China's Anhui Jianghuai Automobile (JAC ... carmakers in Mexico seeking to sell to the United States.
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    Senior Member JohnDoe2's Avatar
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    Here is a list of which cars are made in Mexico and sold in the U.S.

    Audi Q5:
    Audi’s compact crossover is one of the only vehicles from the German automaker to be built in Mexico. While the first generation model was made around the world, including Germany and even India, but the second generation of the vehicle, the one that’s currently on sale now, is made in San José Chiapa, Mexico.


    BMW 5 Series Security
    BMW makes a few cars in Mexico, but only one specific model is brought to the US and that’s the 5 Series Security, the automaker’s own armored vehicle. It’s made in Toluca, Mexico.


    Chevrolet Silverado Crew Cab
    Most Silverados are made in the USA, but a few Crew Cab models are actually made in GM’s Silao, Mexico plant.


    Chevrolet Cruze:
    All Cruze hatchbacks that sold in the United States are made in Ramos, Mexico plant. However, that’s not the case with the sedan.


    Dodge Journey:
    Made in the Tolouca Car Assembly Plant alongside the Fiat 500, the Dodge Journey is available with either a four, or six cylinder engine that can be mated to a front- or all-wheel drive setup. Buyers also have the choice of two or three rows of seating depending on the trim level.


    Ram Pickup and Promaster:
    While the majority of Ram pickups and vans are made in the U.S., some Ram pickup trucks and Ram Promaster models are also assembled at Chrysler’s Saltillo Assembly Plant in Coahuila, Mexico.

    Fiat 500:
    The Fiat 500 has been assembled in the Tolouca Assembly plant since 2010. The plant also makes the Dodge Journey.

    Ford Fiesta:
    The Ford Fiesta is currently made in Ford’s Cuautitlán Stamping and Assembly Plant. The plant, which opened in 1964 saw an extensive upgrade in 2010 to accommodate the manufacturing of the new Ford Fiesta for the North American Market.


    Ford Fusion:
    Ford’s mid-sized sedan is assembled in the Hermosillo Stamping and Assembly plant. The plant, which opened in 1986, has the capacity to pump out 300,000 vehicles a year.

    Honda Fit:
    While past Fits have been made in Japan, the new generation Honda subcompact is made in Celaya, Guanajuato, Mexico.

    Honda HR-V:
    The Honda HR-V, which is related to the Fit, is also made in Honda’s Celaya Plant in Mexico.

    Infiniti QX30

    While the QX30 is currently made in Sunderland, England, Infiniti hasn’t been shy about its intentions to move manufacturing to North America. This is a part of a Damiler-Nissan alliance deal, where the two will share platforms, engines and facilities. The next generation QX50 is also rumored to go to Mexico as well.

    Jeep Compass

    The Jeep Compass is made in Mexico as well, alongside the Fiat 500 and Dodge Journey. That’s the Toluca Assembly Plant, that employs 3,715.

    Kia Forte

    Kia launched a new plant in Mexico with the new generation Forte. Located in Monterrey, Mexico the plant is capable of producing 400,000 vehicles annually. The upcoming Forte5 hatchback is scheduled to get made at the plant, and rumor is that the new Rio will as well.

    Lincoln MKZ:
    Like its Ford cousin, the Fusion, the Lincoln MKZ is made at the Hermosillo Stamping and Assembly Plant.

    Mazda3:
    The Mazda3 is made in the Mazda de Mexico Vehicle Operation plant, is located in Salamanca, in the state of Guanajuato. The first model produced ever made at the plant was a a U.S. market Mazda3 sedan that emerged on January 7 2014.


    Nissan Sentra:
    The Sentra may not be fast, but every 55 seconds, one of Nissan’s compact or subcompact vehicles comes out of one of the plants in Aguascaliente. The plant managed to build 200,000 vehicles within 16 months of opening.


    Nissan Versa Note:
    The Versa and Versa Note are also made in a plant in Aguascaliente Mexico.

    Nissan Versa Sedan:
    With three plants and the capacity to make 850,000 vehicles annually, Nissan is a pretty heavy investor in Mexican production. Alongside the Versa Note and Sentra, the affordable Versa Sedan is also made in an Aguascaliente plant in Mexico.


    Nissan NV200:
    The 2017 Nissan NV200, and the Chevrolet City Express is made in Cuernavaca, Mexico.


    Toyota Yaris iA:
    The MMVO plant that makes the Mazda3 also makes Mazda2s, which aren’t sold in the US. Instead we get the same vehicle as the Toyota Yaris iA.


    Toyota Tacoma:
    Assembly of the Tacoma is split between the U.S. and Mexico. The Toyota Manufacturing de Baja California Plant was established in 2002 and makes both Tacoma trucks and Tacoma truck beds.


    VW Jetta:
    Made in the Puebla plant in Mexico, the sixth generation Volkswagen Jetta was primarily designed by Volkswagen Mexico under the supervision of Volkswagen Germany and 70 percent of the parts are designed and manufactured in Mexico.


    VW Golf:
    Like the Jetta, the Golf is made in the Puebla plant in Mexico, however, unlike the Jetta, the hatchback uses the new MQB modular platform that is shared with the Audi A3.


    VW Tiguan
    The second generation Tiguan is slated to be made in a VW Mexico plant as well, and that’s the one we’ll be getting here in the US.

    http://www.autoguide.com/auto-news/2...in-mexico.html
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    Senior Member JohnDoe2's Avatar
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    Trump’s border tax would massively help Tesla

    =====================

    The Tesla Factory is an automobile manufacturing plant in south Fremont, California, and the principal production facility of Tesla Motors. The facility was formerly known as New United Motor Manufacturing, Inc. (NUMMI), a joint venture between General Motors and Toyota.

    Tesla Factory - Wikipedia
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    Senior Member Judy's Avatar
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    FairTax would massively help every company and US citizen in the United States.

    FairTax Act of 2017: HR 25 in the US House of Representatives and S 18 in the US Senate.

    PASS IT NOW!! NO MORE DELAYS!!


    Americans have been sending Republican members of the Congress to DC because they support the FairTax now since 2000. Seventeen years you all have been promising your constituents to pass this wonderful legislation, yet yet you betray them session after session and do nothing.

    STOP DOING NOTHING AND PASS THE FAIRTAX!!
    Last edited by Judy; 02-08-2017 at 02:06 PM.
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    Senior Member JohnDoe2's Avatar
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    Flat Tax, Fair Tax, 20-20-20 Tax Plan, etc. all DEAD.
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