FIAT to Export 50,000 Cars From Mexico to China Each Year

A few days ago, the first 100 cars of FIAT's Cinquecento model assembled in Mexico arrived in China. The FIAT manufacturing plant, which is putting together the latest edition of the Cinquecento is located in Toluca, Mexico and is quickly becoming another example of the valued quality engineering that Mexico offers. The Italy-based auto assembler plans to manufacture 100,000 of these units by February 2012. Victor Villanueva, CEO of Fiat Mexico said that Fiat will sell 50% of their production to the Chinese market. Click here to see to what other countries the Cinquecento will go.

Fresnillo Silver Mine in Mexico Sees Over US$300 Million Investment

"We're going to be the largest producer of silver in the world, that thanks to Zacatecas, of course, thanks to the growth of the mining industry in the country," said President Calderon, adding that Mexico is also among the top ten gold producers. The comment was sparked by news that the Fresnillo Silver Mine in Mexico is going to see a US$300 Million investment that will produce 10 million ounces of silver and 50,000 ounces of gold in 2015 at its Saucito mine in north-central Mexico.

Global silver demand climbed 15 percent to 1.06 billion ounces last year, the highest level in at least 20 years. Read more on the significance of this huge investment that will change the business landscape of Mexico.