Volkswagen to invest US$1 billion in Mexico over 2017

Volkswagen will invest US$1 billion during 2017, in order to produce the new Tiguan, with a production start up contemplated by March next year, generating 2,000 jobs, informed Thomas Karig Geretch, Vice President of Volkswagen Mexico, in the framework of Mexico’s Auto Industry Summit 2016, celebrated recently in Leon, Guanajuato.

He comments that the new version, the Tiguan second generation, will be produced at the Puebla plant and in China, to export from Mexico to the whole world. This project will generate 2,000 jobs in Puebla, besides there is going to be an estimated demand for auto parts of roughly US$1 billion annually.