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Volkswagen AG said on Thursday it will invest $233.5 million in a new production line for motors at a current plant in central Mexico.
“Volkswagen has found in Guanajuato fertile ground for a new generation of economic development,” said Steffen Reiche, president of the executive council of Volkswagen’s Mexico unit, said in a presentation at the plant in the central state of Guanajuato.
Christopher Glover, executive vice president of production and logistics, said the investment would boost the plant’s production capacity by 75%. The company said it would start manufacturing the new line of motors, called EA211, in 2021.
