Does Budweiser make Modelo? Anheuser-Busch in Latin America
The company owns a wide range of beer brands, including Budweiser, Corona, Stella Artois, and Beck's. AB InBev is also the parent company of Grupo Modelo, a Mexican brewery that produces popular beer brands such as Corona, Pacifico, and Modelo.
Modelo products in the USA are not owned by AB Inbev, it owned by Constellation Brands in NY and the proceeds do not go to AB Inbev.
https://www.breitbart.com/economy/2023/06/14/who-really-owns-modelo/