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 Business News | May 2005 
Mexico Gets World Bank Loan
 Wire services
| | Mexico will receive a US250 million loan from the World Bank as part of a project designed to improve the country's competitiveness. |
Mexico, Latin America's largest economy, will receive the funds over three years starting in 2006, the World Bank said in an emailed statement. The aim of the project is to help the nation at least double private investment in research and development to 0.2 percent of gross domestic product, the World Bank said.
Beverages: Beer Sales Up As Consumption Remains Steady
The average Mexican adult drinks 50 liters of beer annually, says a new report by the national beer industry. That amount reflects no change in consumption patterns that have held steady during the past 25 years.
Beer sales, on the other hand, have risen 5 percent nationally during the past decade and reached US6 billion in 2004. That amount represented 1.6 of the national Gross Domestic Product.
Mexico is currently the world's third-largest beer exporting country.
Automobiles: Vw Reports 21.3% Market Share In 2005
Volkswagen sold 49,374 cars in Mexico during the first trimester of 2005, reported the manufacturer, giving it a 21.3 percent share of the nation's passenger car market during that period.
The most popular of its models during the first third of 2005 have been the Bora, Jetta, Beetle and the Pointer, said the automaker.
Forecast: Record Year Predicted For Auto Parts
The director general of the National Autoparts Industry (INA), Ramón Suárez, predicted a record performance for the sector in 2005, estimating that domestic auto parts sales will reach US24.5 million by the year's end.
Suárez said that a diversification of the market and a larger-than-normal internal demand was the source of his prediction. |
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