Volkswagen Volkswagen to set up new motor production line at central Mexico plant
<p style="text-align: center;"><img title="1605249485863819.jpg" alt="7.jpg" src="/ueditor/php/upload/image/20201113/1605249485863819.jpg"/></p><p>German carmaker Volkswagen AG said on Thursday it will invest $233.5 million in a new production line for motors at a existing plant in central Mexico.<br/><br/>"Volkswagen has found in Guanajuato fertile ground for a new generation of economic development," Steffen Reiche, president of the executive council of Volkswagen's Mexico unit, said in a presentation at the plant in the central state of Guanajuato.<br/><br/>Christopher Glover, executive vice president of production and logistics, said the investment would increase the plant's production capacity by 75%. The company said it would begin manufacturing the new line of motors, called EA211, in 2021.</p><p><br/></p><p>The announcement follows the election defeat of U.S. President Donald Trump. Trump took office in 2017 threatening to punish car makers who built up capacity in lower-cost Mexico, leading to a marked chill in investment in the United States' southern neighbor.</p>
13 Nov,2020
