A Volkswagen spokeswoman in Mexico told Reuters that Volkswagen has invested $1 billion to expand its Mexico facility to start producing a new model. Volkswagen’s investment is a sign of confidence for Mexico’s auto industry, which accounts for a fifth of the country’s total exports. The plant currently builds Jettas, Boras and new Beetles.
“The production of the new model will start in March or April of 2010,” spokeswoman Consuelo Minutti said.
What will the new model be? We’ll let you know as soon as we find out – but we’re hoping for a new Beetle.
In May, Volkswagen began production of its new U.S. factory in Chattanooga, Tennessee. The plant will begin production of a new mid-sized sedan designed specifically for the North American market for 2011. The Chattanooga plant will have an annual capacity of 150,000 vehicles.
– By: Omar Rana