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Volkswagen to announce US$1b investment in Mexico: source

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German carmaker Volkswagen will next week announce an investment worth around US$1 billion in Mexico to expand its Puebla plant, a person familiar with the matter said on Thursday.

[MEXICO CITY] German carmaker Volkswagen will next week announce an investment worth around US$1 billion in Mexico to expand its Puebla plant, a person familiar with the matter said on Thursday.

The investment, aimed at production of the carmaker's Tiguan compact, is due to be unveiled on Monday and is expected to generate about 1,900 jobs, the person said.

REUTERS