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Money News

Volkswagen to invest $233.5 million in motors output in Mexico

FILE PHOTO: The logo of German carmaker Volkswagen is seen on a rim cap in a showroom of a Volkswagen car dealer in Brussels, Belgium July 9, 2020. REUTERS/Francois Lenoir/File Photo

MEXICO CITY (Reuters) - Volkswagen’s Mexico unit said on Thursday the German carmaker plans to invest $233.5 million in a new production line for motors at its plant in the central Mexican state of Guanajuato.

Reporting by Sharay Angulo; writing by Laura Gottesdiener

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