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The job cuts come as Ford and JLR have been hit by a fall in demand for diesel-engined cars and after European policymakers last month agreed stricter pollution limits, forcing carmakers to accelerate investments to make electric cars.
Lopez Obrador, who took office in December, told a regular news conference his family’s cars and home are in his wife’s name.
The new Ford Aspire offers an experience that could match bigger sedans.
Globally, Ceed competes with Volkswagen Golf, Hyundai i30 and others.
While many people squirm at the prospect of eating insects, they are common fare in countries such as Thailand and China.
VW will spend almost 44 billion euros ($50 billion) on developing electric cars, autonomous driving and new mobility services by 2023.
The MG trademark is now sold by Shanghai Automobile Industries Corporation, the largest automaker in China.
Earlier this month, Volkswagen terminated the contract of Audi chief executive Rupert Stadler.
Volkswagen has admitted to deliberately cheating diesel emissions tests, sending shockwaves through the automotive industries.
The Audi e-tron midsize SUV will be offered in the United States next year at a starting price of $75,795 before a $7,500 tax credit.