MEXICO: New Audi plant to cost $2bn
There were no other details in a Reuters report.
Audi had said in January it would not make a decision on whether to produce cars in the US before 2015 and would increase capacity at existing sites, such as Gyor in Hungary, until then.
However, an Audi statement said the exact location for the new plant, which will manufacture an SUV model starting in 2016, would be chosen later this year.
“As an established carmaking location, Mexico offers an excellent economic basis for Audi production operations,” said chairman Rupert Stadler.
The group parent Volkswagen already has an automotive plant in Puebla and an engine plant in Silao.
“Good infrastructure, competitive cost structures and existing free trade agreements played a significant role in the choice of Mexico,” said Stadler.
Regarding location, HR chief Thomas Sigi said: “The factors that we will take into account include not just the specifics of the real estate and its logistical links." He also cited quality of life as a decisive criterion. “It is important for us to be able to find well-qualified employees there,” referring to the need for an effective infrastructure of schools and universities.
The fragility of the automotive supply chain has been highlighted by natural disasters, particularly in Asia over the past 18 months. This month's management briefing considers how fragile the supply ...
A final update of just-auto's list of concepts and production models which made their debuts at the Los Angeles auto show's 28 & 29 November press days....
Long awaited and successively postponed, details of the new Brazilian automotive regime for the five years from 1 January, 2013 to 31 December 2017 have finally been announced....
The Volkswagen supervisory board, due to meet on 23 November, might delay approving new SUVs from Bentley and Lamborghini, according to Reuters, citing unnamed sources....
The importance of Volkswagen Group-owned Bentley introducing a third model alongside the Continental GT and Mulsanne is to give stability to its product lifecycle, said Geoff Dowding, regional directo...
- Swallowing Fiat-Chrysler 'would be bad for VW'
- Audi TDI tech is 25 years of age
- THE WEEK THAT WAS: Roasting in Kia's Mojave oven
- VEHICLE ANALYSIS: Driving the Swedish nanny state
- COMMENT: Has ZF fired M&A starting gun with TRW?
- Sir Nick Scheele dies
- Volvo claims two safety firsts for XC90
- Nissan learns from India mistakes
- Fiat denies merger talks with VW
- Rule change hits 'free charger' offers for EVs
- Global light vehicle engine technologies market- forecasts to 2029
- Tesla: The Californian start-up that made head way on the automotive giants
- New Cars: Top 5 Emerging Markets Industry Guide
- Jaguar Land Rover: Providing remarkable growth throughout the economic downturn
- Global electrified light vehicles market- forecasts to 2018