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Mexican President Enrique Peña Nieto Inaugurates New Volkswagen Project in Mexico

February 11, 2013
Mexican President Enrique Peña Nieto Inaugurates New Volkswagen Project in Mexico

With his experience and knowledge promoting automotive investments as Governor of the State of Mexico (Estado de Mexico), Mexico’s new President has shown himself to be quite active in attending inaugurations and industry expansion projects, only now he is doing so at the national level. In a tour hosted by the State of Guanajuato, he inaugurated a Volkswagen engine plant in Silao. Volkswagen’s CEO, Martin Winterkorn, attended the event and declared to the press that “Volkswagen is ‘Mexicanizing’ itself”. Such plant became number 100 of the German automaker, which now appears to be in an enviable position in the world automotive market. The company invested $550 million dollars in the Silao plant, which will create 700 direct jobs. The plant will produce 320,000 engines per year.

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