Mexico’s Giant Motors and China’s Anhui Jianghuai Automobile, along with distributor Chori Company Limited, will invest US$212.46 million in an existing plant to build SUVs in the central state of Hidalgo
Mexican tie-up on Wednesday unveiled plans to invest over $200 million in a car plant in Mexico, bucking recent uncertainty on the outlook for free trade after the election of U.S. President Donald Trump.
Mexico’s Giant Motors and China’s Anhui Jianghuai Automobile (JAC Motor), along with distributor Chori Company Limited, will invest more than 4.4 billion pesos (U$212.46 million) in an existing plant to build SUVs in the central state of Hidalgo, state governor Omar Fayad told a news conference.
The tie-up may also produce electric cars, Fayad added.
The outlook for Mexico’s car industry has been racked by uncertainty since the election of Trump, who has threatened to impose punitive tariffs against carmakers in Mexico seeking to sell to the United States.
more recommended stories
Is Lopez Obrador helping Donald Trump? (Az Central)
President Andres Manuel Lopez Obrador campaigned to.
What Spring Breakers need to know about the U.S. government’s Mexico Travel Advisory
The United States government is warning.
AMLO to help “El Chapo” family seek US humanitarian visas
Mexican President Andres Manuel Lopez Obrador.
Save the Yucatecan Possum: a master of survival
The opossum, tlacuache or “zorro” as.
Frozen strawberry shipment from Mexico contained $12.7 million USD worth of meth
A commercial shipment of frozen strawberries.
Club Sibarita: A national gastronomic encounter in Yucatán
Jean Philippe Guillot, co-founder of the.
“You will be captured”. Yucatan Chief of Police
The Ministry of Public Security of.
Historic Canadian investment for Southern Quintana Roo
TORONTO (CGC).– Quintana Roo´s governor Carlos.
Mexico’s National Guard unanimously approved by Senate (it won’t be military-led)
(Reuters) – On Thursday February 21st,.
Mexico’s national anthem to be sang in Maya language
As part of a select group,.