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Volkswagen to manufacture Golf in Mexico
Photo Credit: ALFREDO ESTRELLA, Getty Images

Volkswagen to manufacture Golf in Mexico

Jan 28 2013, 12:56am CST | by

Mexico City, Jan 28 (IANS/EFE) German automaker Volkswagen said it will begin manufacturing its redesigned Golf model in Mexico in the first quarter of 2014.

Mexico City, Jan 28 (IANS/EFE) German automaker Volkswagen said it will begin manufacturing its redesigned Golf model in Mexico in the first quarter of 2014. "With its existing infrastructure,...

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1 year ago

Volkswagen to manufacture Golf in Mexico

Jan 28 2013, 12:56am CST | by

Mexico City, Jan 28 (IANS/EFE) German automaker Volkswagen said it will begin manufacturing its redesigned Golf model in Mexico in the first quarter of 2014.

Mexico City, Jan 28 (IANS/EFE) German automaker Volkswagen said it will begin manufacturing its redesigned Golf model in Mexico in the first quarter of 2014.

"With its existing infrastructure, competitive cost structures and free trade agreements, Mexico is the ideal location to produce the Golf" for markets in North and South America, Hubert Waltl, a member of the board of management of the Volkswagen passenger cars brand, was quoted as saying in a statement.

"The decision to produce the Golf in Mexico builds on Volkswagen's strategy for the North American market", where it plans to invest more than $5 billion over the next three years, the statement said.

"Localization has become increasingly important in automotive manufacturing" as a safeguard against currency fluctuations and a means of being closer to the market where the vehicles will ultimately be sold, it added.

Volkswagen said it plans to invest around $700 million to adapt the production lines at its plant in the central Mexican city of Puebla to manufacture the all-new VW Golf hatchback.

Earlier this month, the Wolfsburg, Germany-based automaker inaugurated a $550 million engine plant in the central Mexico state of Guanajuato.

Last September, it also announced plans to invest $1.3 billion to build a new Audi plant in Puebla.

Volkswagen produced a record 600,000 vehicles in Mexico last year, 88 percent of which were destined for export around the world.

The German automaker - whose Mexican subsidiary, Volkswagen de Mexico, was founded in 1964 - owns the Audi, Bentley, Lamborghini, Seat, Skoda and Porsche brands, among others.

--IANS/EFE

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Source: IANS

 
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6 weeks ago

FIA confirms 20-race calendar for 2015

Sep 12 2014 5:42am CDT | Source: Formula1.com

Formula One racing's governing body, the FIA, has published the calendar for the 2015 world championship following a meeting of its World Motor Sport Council in Beijing on Thursday. It features 20 rounds, including the return of Mexico in November. The Mexican race will take place at the same venue which staged the country's last Grand Prix in 1992 - Mexico City's Autodromo Hermanos Rodrigue ...
Source: Formula1.com   Full article at: Formula1.com
 

 

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<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

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