Volkswagen.gif” width=”99″ height=”101″ align=”right” vspace=”10″ hspace=”10″>Volkswagen’s
Mexican subsidiary shortly will complete work on a virtual reality research and
development facility, according to a report in the financial daily El Economista.

The new R&D centre – which will be used to adapt vehicles to Mexican
conditions – is part of Volkswagen’s strategy to counter increasingly fierce
local competition from car makers such as Ford and DaimlerChrysler, El Economista
business columnist Marilena Vega reported.

Volkswagen has paid a low, 2.2 percent Mexican import tariff on European-made
models since July last year, when a Mexico-EU free trade agreement went into
effect. The tariff is the same as that paid by U.S. automakers with assembly
plants located in Mexico, under the terms of the North American Free Trade Agreement
(NAFTA), the newspaper said.









To view related research reports, please follow the links
below:-



The
world’s car manufacturers: A financial and operating review


The
automotive industry in Latin America: Mexico, Brazil and Argentina Forecasts
to 2005