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  Reuters

  Mexico inflation continues slowdown in early September

  Headline inflation in Latin America's second-largest economy hit 4.44% in the 12 months through early September, down from 4.64% at the end of August, data from statistics agency INEGI showed. The latest number, below the median forecast of 13 analysts polled by Reuters, but still above the central bank's target, is likely to reinforce convictions that the Bank of Mexico will hold its key lending rate steady at an all-time high of 11.25% for longer. President Andres Manuel Lopez Obrador on Friday said the central bank, known as Banxico, was "doing well" as inflation slows but should focus more on promoting economic growth.

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  Reuters

  Renault to maintain mixed ethanol combustion engines in Brazil

  Renault will maintain production of ethanol-fueled combustion vehicles in Brazil, where nine in 10 cars are equipped to run on a mixture of gasoline and the biofuel as fully electric vehicles (EVs) need more government support, the head of the French carmaker's Brazil branch said on Friday. "It still pays to invest in combustion in Brazil," top executive Ricardo Gondo said at an event, adding that the industry will need more federal incentives to accelerate its EV transition. Renault is wrapping up a $2 billion reais (over $400 million) investment in the country which includes a new vehicle platform to be produced in its Parana state industrial complex, that would allow the company to produce combustion engines in the facilities and "allow electrification", Gondo said.

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  Barrons.com

  Ford’s Stock Set for Largest Gain Since June

  Ford Motor’s stock was enjoying a lift Friday on news of United Auto Workers making progress in reaching a deal with the auto maker. Shares of Ford (ticker: F), up 3.3%, were on pace to mark the largest percent increase since June 7, 2023, according to Dow Jones Market Data.

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  Reuters

  Biden to visit Michigan to support auto strike, front-ending Trump

  U.S. President Joe Biden will travel to Michigan on Tuesday to show support for the United Auto Workers' strike against Detroit automakers, putting him in the center of the dispute that has pitted his labor allies against major manufacturers. Biden, a Democrat, sees himself as a pro-union president and his visit to the state, a day before former President Donald Trump is scheduled to be there, will underscore his support for union workers' right to take action and engage in collective bargaining. "Tuesday, I’ll go to Michigan to join the picket line and stand in solidarity with the men and women of UAW as they fight for a fair share of the value they helped create," Biden said on Friday in a post on X, the social media platform formerly known as Twitter.