Search Results for: Mexico

The USD865 million investment announced by BMW into boosting its electric vehicle (EV) manufacturing capacity in Mexico is, say industry experts, a signal of how Mexican automotive capacity may be oriented increasingly intensely on the American market.

Germany’s BMW will spend this money over the next four years to enable production of the ‘Neue Klasse’ electric vehicle range in Mexico starting 2027.…

Researchers at the University of Sherbrooke, in Québec, supported by CMC Microsystems, are helping build sensors to detect ‘dark matter’ – the unknown substance that scientists think makes up about 27% of the universe. That, combined with the equally undetectable dark energy (68% of the universe says physics research centre CERN), can be inferred by its gravitational pull on stars and planets.…

Brazil’s economy has been either contracting or sluggish for the last decade, but the country’s strong dairy sector hopes this year could be different. With a new President in charge of the most populous South American nation since January 1, business leaders say exports could revive the industry, even if the local market continues to be in poor shape.…

As regulators in jurisdictions worldwide prepare to pass laws making sustainability reporting mandatory for listed companies, the auto sector will need to reassess detailed environmental and social standards already developed by standard setting bodies.

That is the case for the US-owned and based auto sector, especially foreign companies making autos in the US and American companies with plants overseas.…

Ford Europe’s February 14 announcement that it will axe 3,800 jobs in Europe over the next three years is designed to ensure the US major’s European arm survives as a more focused electric vehicle (EV) brand, but some experts wonder Ford can prevent this key wing downsizing further in future.…

European and Asian automakers exporting electric vehicles (EV) to the USA are looking to take advantage of US treasury guidance issued December 28 that allows consumers to claim tax credits of up to USD7,500 on leased EVs, even if they are not made in north America.…

Tesla, currently facing competitors developing more affordable electric vehicle (EV) models, could expand business and maintain its leadership in the North American and European market by opening a new plant in northern Mexico, say analysts. In this way, Tesla could leverage Mexico’s lower labor, utility and property costs.…

Canada and the USA may have one of the world’s most integrated auto sectors, with 2021 passenger vehicle imports into Canada from the USA worth USD27.8 billion and exports to the USA worth USD26.5 billion, yet trims and models can differ in either market.…

It is ‘de rigeur’ for tech publications to define the ‘metaverse’ – Wikipedia is perhaps most succinct – ‘a metaverse is a network of 3D virtual worlds focused on social connection’ (1). As for their fraud risk, there is a growing consensus that the metaverse offers fraudsters and cybercriminals significant opportunities to exploit this growing network of IT systems integrating virtual or augmented reality (VR and AR).…

How to launder a sack of ill-gotten cash is a question that does not just stretch the imaginations of law enforcers and AML officers, it can and does prompt useful assessments by professionals in other fields.

The question of how to launder USD1 million in dirty money is, for instance, a popular thread on the international online Q&A service Quora, with 84 answers.…