Latin America Business News
Volkswagen Announces $1Billion Investment in Mexico
European auto manufacturer, Volkswagen (VW), has announced it plans on investing $1Billion over the next 3 years in its existing Mexican operations. The investment is part of the company’s “Strategy 2018” and will expand existing operations in Puebla, Mexico where the Jetta is manufactured. Mexico is also a finalist for a new North American engine plant the company will open shortly.
The Puebla facility is the principal manufacturer of VW’s compact cars for North America and employs 900 Mexican engineers. The Mexican facility produces over 500,000 units and is one of the largest such plants for VW worldwide.