A VW Jetta comes together at the company’s plant in Puebla, Mexico, in January 2014. The company plans to spend $1 billion to add Tiguan crossover output at the plant.
Photo credit: BLOOMBERG
March 5, 2015 – 6:31 pm ET
MEXICO CITY (Reuters) — Volkswagen AG will unveil plans next week to invest around $1 billion in Mexico to expand its Puebla assembly plant, a person familiar with the matter said on Thursday.
The investment, aimed at supporting production of the Tiguan compact crossover, is due to be unveiled on Monday and is expected to generate about 1,900 jobs, the person said.