MEXICO: VW opens new Mexico Jetta section
Author: just-auto.com editorial team | 7 July 2010
Volkswagen has opened a new section in its Puebla plant in Mexico as part of plans for further investment in the country to 2013.
The upgraded area will build the new Jetta and cements Volkswagen's aim to sell one million vehicles per year in the US by 2018.
"Expansion of the Puebla plant is a major step towards the future for Volkswagen in Mexico," said Volkswagen group production member of the board Jochem Heizmann.
"As a result, Puebla remains the main supplier of compact class vehicles in North America. Efficient production with high localisation and new products will bring further growth momentum in Mexico,"
With an annual production capacity of 525,000 units, Puebla is now one of the largest car manufacturing plants in the Volkswagen Group.
Heizmann added the Group also intended to build a new engine plant as part of a growth strategy for North America:
"The new plant is to supply our factories in Puebla and Chattanooga with the latest generation of engines from 2013," he said.
"These engines will set the benchmark in terms of consumption and emissions."
The choice of location has not yet been finalised, but Volkswagen said a decision will be taken soon with Mexico a possible option.
Under the company's Strategy 2018, it is planned to invest up to US$1bn in Mexico during the next three years. Some of these funds will be spent on constructing new production plant for the Beetle successor.
The new version will be launched in 2011 and will ensure a total of 2,000 jobs in Puebla are safeguarded.
Volkswagen de Mexico CEO Otto Lindner added some US$1bn in total had already been invested during the period 2008 - 2010 in expanding and modernising the section of the Puebla plant.
"More than 70% of the parts installed in the Jetta come from Mexican suppliers," he said.
Sectors: Financial, Vehicle manufacturers, Vehicle manufacturing
Companies: Volkswagen
View next/previous articles
7 Jul 2010 -
7 Jul 2010 -
Currently reading -
MEXICO: VW opens new Mexico Jetta section
7 Jul 2010 -
7 Jul 2010 -
Related research
Volkswagen AG (VOW) - Financial and Strategic Analysis Review
Volkswagen AG (Volkswagen) is one of the leading automakers in the world. The company, along with its subsidiaries, is engaged in the development of vehicles and engines along with the sale of commercial vehicles and passenger vehicles. It offers var...
Datamonitor's Volkswagen AG - SWOT Analysis company profile is the essential source for top-level company data and information. Volkswagen AG - SWOT Analysis examines the company’s key business structure and operations, history and products, and prov...
Company Financials Volkswagen AG
The Company Financials offers insights into the financial performance of the company over last five years for about 1000 leading global companies. The datapack covers wealth of financial information relating to income statement, balance sheet, and ca...
Related articles
BRIEFING: Review of 2010 (second half)
Like any year in the auto industry, 2010 saw its fair share of company ups and downs, industrial comings and goings, and a fair old sprinkling of corporate drama. We covered it all on just-auto. Editor Dave Leggett sifts through the lot and picks out a few highlights from the year just gone, month by month. This is part two and covers the second half of the year.
BRAZIL: Fiat likely to launch low cost car at new plant
Fiat has not revealed its product plan for the new plant at the Suape industrial and port complex in the Greater Recife region, close to the Pernambuco state capital, but a replacement for the long-running Uno Mille is most likely.
There are currently no comments on this article
Be the first to comment on this article