Volkswagen to announce $1 billion investment in Mexico

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(Reuters) – German carmaker Volkswagen will next week announce an investment worth around $1 billion in Mexico to expand its Puebla plant, a person familiar with the matter said on Thursday.

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The investment, aimed at production of the carmaker’s Tiguan compact, is due to be unveiled on Monday and is expected to generate about 1,900 jobs, the person said.

 

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