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Tags: Mexico, mobile
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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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