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Volkswagen’s Mexico unit stated on Thursday the German carmaker plans to speculate $233.5 million
Volkswagen’s Mexico unit stated on Thursday the German carmaker plans to speculate $233.5 million in a brand new manufacturing line for motors at its plant within the central Mexican state of Guanajuato.
“Volkswagen has found in Guanajuato fertile ground for a new generation of economic development,” Steffen Reiche, president of the manager council of Volkswagen’s Mexico unit, stated in a presentation on the plant within the central state of Guanajuato.
The firm stated it could start manufacturing the brand new line of motors, known as EA211, in 2021.
Christopher Glover, government vice chairman of manufacturing and logistics, stated the funding would enhance the plant’s manufacturing capability by 75%. The firm stated it could start manufacturing the brand new line of motors, known as EA211, in 2021.
The announcement follows the election defeat of U.S. President Donald Trump. Trump took workplace in 2017 threatening to punish automobile makers who constructed up capability in lower-cost Mexico, resulting in a marked chill in funding within the United States’ southern neighbour.
(This story has not been edited by NDTV workers and is auto-generated from a syndicated feed.)
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