Volkswagen to make new compact sedan in Mexico

volkswagenVolkswagen says it will begin manufacturing a new compact sedan at its plant in Mexico, with a launch date of

Volkswagen’s head of Mexico operations, Otto Lindner, says engineers are developing the model.

Lindner made the announcement Monday at the automaker’s plant in the city of Puebla. He said Volkswagen will invest $1 billion to increase plant capacity, modernize production lines and develop and produce the new model.

He did not give details about the vehicle. President Felipe Calderon called the announcement “a reason to be happy for Mexico” and its auto industry, which has been hit hard by sagging demand from the US amid the economic crisis.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: