Word: saltillo
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Batista, a U.S. citizen who works for ASI Global, a Houston-based security company, is a prominent expert on how to avert kidnapping. Ironically, he was nabbed in the industrial city of Saltillo after giving antiabduction seminars to businessmen last week - classes that few others but local cops knew about. A Coahuila source familiar with the investigation tells TIME that one of the executives with Batista was also kidnapped but was returned, badly beaten, earlier this week. The abductors' unspoken warning to Mexican and U.S. officials alike: We will no longer tolerate anyone who makes our work more difficult. "Sometimes...
...already paid a ransom of more than $2 million. Even those victims who are spared are increasingly returned with body parts like ears missing: their abductors send them to relatives to frighten them into delivering ransom more quickly. "We cannot live under this pressure," says one upper-middle-class Saltillo woman who has seen several family members kidnapped in recent years. "All the time we are looking over our shoulder, the car windows always up, ringing the children on the cell at all times, having special passwords and codes in case, God forbid, of 'trouble.' This is not a life...
...American Free Trade Agreement (NAFTA) came into force in January 1994. The lion's share of $200 billion of foreign investment that has rolled in since then--two-thirds from the U.S.--went to the north, both to maquiladora assembly operations in border towns and to Monterrey and nearby Saltillo, also known as Little Detroit for the sizable auto investments there, especially by the U.S.'s Big Three. Thirty percent of Mexico's GDP comes from manufactured exports, 80% of that auto related, and the U.S. accounts for 60% of that...
Grupo Industrial Saltillo, with eight business units, shows the link and how NAFTA's market access is accelerating this corporation's global evolution. More than half its roughly $1 billion in sales last year went to the U.S., Canada, Japan and Australia, and 84% was auto parts. That will expand when a $136 million engine factory, a joint venture with Caterpillar, opens next year. Saltillo's building-products division, on the other hand, is 90% dependent on the domestic market. Within five years, this proportion is projected to be evenly split between domestic and foreign sales, a feat that...
...injured 48 people. There have been other explosions in the country since 1978, including a series of gas explosions on the outskirts of Mexico City in 1984 that killed at least 400 people. Fearing a repeat of the Guadalajara episode, last week officials evacuated sections of Mexico City and Saltillo after finding gas leaks there. The angry public mood in Mexico may give President Carlos Salinas de Gortari a chance to privatize Pemex, one of the last holdouts against his campaign to sell state-run industries...