Volkswagen to Produce Golf for Americas at Mexican Plant

mexico-carsBloomberg, 1/25/2013

Volkswagen AG (VOW), Europe’s biggest carmaker, plans to build its best-selling Golf hatchback in Mexico in a push for market share in North America, where it trails competitors. The preferred shares hit a 20-year high.

“With its existing infrastructure, competitive cost structures and free-trade agreements, Mexico is the ideal location to produce the Golf for the American market,” Hubert Waltl, the head of production at VW’s passenger car brand, said in a statement dated today and obtained by Bloomberg News.

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