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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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IANS

Source: IANS

 
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5 days ago

Mexican duo hail Mexico City's F1® return

Jul 24 2014 11:09am CDT | Source: Formula1.com

Sergio Perez and his Mexican countryman Esteban Gutierrez both expressed their delight at the news that Formula One racing is set to return to Mexico City after an absence of more than two decades. Formula One group CEO Bernie Ecclestone revealed on Wednesday that an agreement to hold a Grand Prix in Mexico in 2015 ...
Source: Formula1.com   Full article at: Formula1.com
 

 
Update
5

5 days ago

Mexico City to host F1 race for first time in over 20 years

Jul 24 2014 9:14am CDT | Source: Autoblog

Filed under: Motorsports Formula One racing in North America has come a long way in the last few years. Having been absent from the calendar from 1992 through 1998 and again from 2008 through 2011 (when American racing fans could only catch the Canadian Grand Prix up in Montreal), the United States Grand Prix is now a regular fixture on the calendar at the Circuit of the Americas in Austin, TX. There's even a second race in the works for t ...
Source: Autoblog   Full article at: Autoblog
 

 
Update
4

5 days ago

Mexico City to host F1 race for first time in over 20 years

Jul 24 2014 9:10am CDT | Source: Autoblog

Filed under: Motorsports Formula One racing in North America has come a long way in the last few years. Having been absent from the calendar from 1992 through 1998 and again from 2008 through 2011 (when American racing fans could only catch the Canadian Grand Prix up in Montreal), the United States Grand Prix is now a regular fixture on the calendar at the Circuit of the Americas in Austin, TX. There's even a second race in ...
Source: Autoblog   Full article at: Autoblog
 

 
Update
3

5 days ago

2015 Formula One Calendar Adds Mexican Grand Prix

Jul 24 2014 2:50am CDT | Source: Motor Authority

Formula One returns to Mexico in 2015 after more than two decades. The race will be held once again at Mexico City’s Autodromo Hermanos Rodriguez and the race organizer, live events firm CIE, says it has a signed a five-year contract. F1 supremo Bernie Ecclestone confirmed the news and said the deal would "benef ...
Source: Motor Authority   Full article at: Motor Authority
 

 
Update
1

6 days ago

Mexico set to return to F1® calendar in 2015

Jul 23 2014 3:14pm CDT | Source: Formula1.com

Mexico is set to host a round of the 2015 Formula One World Championship, Formula One group CEO Bernie Ecclestone confirmed on Wednesday. The race, the first Grand Prix to be held in Mexico for more than two decades, ...
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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