Exclusive: China’s Great Wall Motor Eyes Plant in Mexico States Hit by Trump-Sources

4/5/2017 Reuters

automobileChinese automaker Great Wall Motor Co Ltd (601633.SS)(2333.HK) is considering building an auto plant in two Mexican states hit by U.S. President Donald Trump’s drive to make American companies invest at home, sources said.

Great Wall Motor, which describes itself as China’s largest SUV and pickup manufacturer, is interested in building a plant in Nuevo Leon in northern Mexico or the central state of San Luis Potosi, three people familiar with the matter said.

Under pressure from Trump to keep jobs in the United States, Ford Motor Co (F.N) in January canceled a $1.6 billion plant in San Luis Potosi, while heating and air conditioning firm Carrier in December scaled back plans to move production to Nuevo Leon.

Great Wall Motor officials met with Mexico’s top railroad firms, Ferrocarril Mexicano (Ferromex), part of Grupo Mexico (GMEXICOB.MX), as well as Kansas City Southern de Mexico [KCSM.UL](KSU.N), to evaluate the states’ connectivity, according to a source and two documents seen by Reuters.

Read more…

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s