Volkswagen announces $1 billion investment in Mexican plant

German automaker Volkswagen announced that it plans to invest $1 billion in its plant in the central Mexican city of Puebla between 2008-2010.

The money will be earmarked for the manufacture of the Jetta and Bora models and to increase the plant’s capacity, the company’s chief executive, Martin Winterkorn, said Friday in a ceremony attended by Mexican President Felipe Calderon”*

*From: http://www.tradingmarkets.com
Traducido: usando Google o Altavista/Babel Fish

Stumble it! | |

Other posts that may interest you

Foreign direct investment in Peru totaled US$16.6 billion in 1Q 2008

Rising foreign direct investment is giving a boost to Mexico's legal sector.

Volkswagen Helps Speedy Go Faster

Uruguay's President Vazquez made a shameful decision to postpone Botnia's permit.

Volkswagen’s Rhyme, Rhythm and Risas Tour Kicks Off in New York City with Performances by, Yerbabuena, Comedian Pablo Francisco and Spoken Word Artist La Bruja

Volkswagen removes billboards from three cities after Hispanic complaints

Felons, homeless fill jobs left after immigration raid at plant - Stillmore, Georgia

Mexichem aims to lead Latin America in chemicals through further acquisitions, company officials say.

Latina Lista: Mexico Announces Own Immigration Reforms: Political Ploy?

Home Shopping Latino Retains JPC Investment Group for Investment Banking Services - MarketWatch