Sunday, July 11, 2010

Volkswagen invests billions of dollars in automobile production in Mexico

Volkswagen plans to invest a billion dollars in construction engine plant and expand production capacity to release a new model Volkswagen New Beetle in Mexico, the president said the executive board of the German company in the country, Otto Lindner.
Volkswagen New Beetle - a modern retro-car, heir to the legendary Beetle.
"In the next three years we expect to invest one billion dollars in the construction of a plant to produce automobile engines and new models of Volkswagen New Beetle in Mexico" - Lindner said during a meeting with Mexican President Felipe Calderon on Tuesday.
Production of the new car is timed to the 200 th anniversary of the independence of Mexico, which will be celebrated in September this year. It will be collected based on the Volkswagen plant in Puebla, Mexico, and 70% consist of Mexican parts.
In Mexico, the beetle began producing in 1954, and he immediately became the most popular car in the country. In 2003, production of cars of this brand was discontinued. During this period in Mexico, they were released more than 21 million, which was an absolute record in the automotive industry.
Recall Concern Volkswagen AG, founded in 1937, owns 48 automakers in 15 countries in Europe and six countries in the Americas, Asia and Africa. The company owns the brands Volkswagen, Volkswagen Commercial Vehicles, Audi, Bentley, Bugatti, Lamborghini, Skoda, Seat, Scania.
Company management plans this year to increase production of cars in Mexico to 500 thousand.
The Source: RIA Novosti

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