In another demonstration of the fiscal genius of moving one's manufacturing
operation to the world's leader in low cost production,Mexico,Volkswagen has
announced an investment of $550 million dollars in the first stage alone of a
brand new,state of the art,production facility in Guanajuato. More than 700
jobs will be created for the new venture. This will mark the second VW factory
in Mexico,the other located in Puebla. Volkswagen is ambitiously expecting
completion by 2013,with construction beginning as early as October 2010.
President Felipe Calderon announced Volkswagen's investment at
an official ceremony in Mexico City. He was accompanied by the President of VW
and the Governor of Guanajuato.
Last year,the Volkswagen group sold 6.3
million vehicles worldwide. In that same year,VW invested over $4.2 Billion
dollars in research and development to accommodate the most strict emission and
contaminant guidelines on the planet,greatly reducing carbon dioxide pollution.
As a bonus,they will even experience better gas mileage in their famous cars.
Volkswagen has been producing cars in Mexico since 1964 and has another 65
Mexico has gained increased popularity as the preferred
destination for low cost manufacturing,even outpacing China. As business
investment pours into Mexico,so do investors looking for great opportunities in