This preview shows page 1. Sign up to view the full content.
UPDATE: Volkswagen To Build New Engine Plant In Mexico 394 words 22 September 2010 16:07 Dow Jones Business News DJON English (Updates with information from Mexican president on job creation from the plant, other details.) DOW JONES NEWSWIRES FRANKFURT -(Dow Jones)- German auto maker Volkswagen AG (VOW.XE, VLKAY) Wednesday confirmed it will build a new engine plant in central Mexico with an investment of EUR400 million to supply its car-production plants in North America starting in 2013. "North America is and remains one of the largest and most important car markets," Jochem Heizmann, a member of the Volkswagen board for group production, said in a statement. Europe's largest auto maker by sales, Volkswagen is building a new production plant in Chattanooga, Tenn., and executives previously indicated the company plans to build a new engine plant in Mexico as part of a wider effort to turn around its North American operations and increase local production to reduce the exposure to currency
This is the end of the preview. Sign up to access the rest of the document.
This note was uploaded on 01/11/2012 for the course EIN 4354 taught by Professor Tufecki during the Fall '08 term at University of Florida.
- Fall '08