Mexico's auto industry reported a 51 percent plunge in January production and warned Wednesday that car makers were going through their worst crisis in decades.

Nokia Corp. said Wednesday it will close a research center in Finland and ax up to 320 jobs in a move to save costs as the global economic downturn hit the mobile phone industry. It also announced temporary layoffs

The Chinese technology company Levono announced the creation of 1000 Jobs in Mexico this year, with the opening of its manufacturing facility in Nuevo Leon on the 18th of February.

The director of the Mexican federation of workers, Hugo Varela Flores, confirmed that the General Motors Plant located in the city of Silao, Gunajuato in Mexico has suspended its night shift, plus a series of technical stoppages.