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Chinese automaker, Mexican retailer plan low-cost cars
Tagged: Mexico, mobilePosted on: November 25th, 2007
Mexico’s largest specialty retailer said Thursday that it was partnering with one of China’s Big Three automakers to build a plant in central Mexico with capacity to produce 100,000 vehicles a year.
Appliance and electronics giant Grupo Elektra and Beijing-based First Automobile Works Group (FAW) are scheduled to hold a groundbreaking in the state of Michoacán today, where the companies will detail their plans to build and finance low-cost cars aimed at Mexico’s emerging middle class.”*
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Filed Under: 1. Hispanic News, Business, Business News, International
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