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Mexico is Volkswagen's favorite place for investment

Karla Salinas | 22.01.2014

The Volkswagen Group announced that they will invest US$7 billion in North America in the next five years, to multiply sales at the region. Most of said investment will remain in Mexico.

The Volkswagen Group announced that they will invest US$7 billion in North America in the next five years, to multiply sales at the region. Most of said investment will remain in Mexico.

Thomas Karig, Vice President of Corporate Relations and Strategy of the company’s subsidiary in Mexico, said that around US$5 billion will be allocated to Mexico, and pointed-out that they will be invested in the modernization of their facilities, in the development of parts and components for new models to be launched and to build and equip Audi Plant in Puebla.

The purpose of the German assembler is increasing the sale of vehicles at the region, specifically in the United States, and reach by 2018 one million Volkswagen and Audi automobiles sold every year, according to Martin Winterkorn, Chairman of the Board of Management of Volkswagen AG, during the inauguration of the North America International Auto Show in Detroit.

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