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
Police arrested two subjects in possession of large quantities of different drugs in Tulum, Quintana Roo
Security forces of the three levels.
Campeche Ministry of Health welcomes Cuban doctors brought by the AMLO administration
Campeche would be benefited from the.
Mauricio Vila signs an agreement with the Confederation of Cataluña
The Governor of Yucatan, Mauricio Vila.
Fire in Baca consumes more than two hectares of undergrowth
In the former tire shop named.
Under investigation 21 cases of acute childhood hepatitis in Mexico: López-Gatell
Hugo López-Gatell, Undersecretary of Federal Health,.
A farewell to Esther, a victim of femicide in Huhí, Yucatan
A very sad day was lived.
First electric carriages arrive in Mérida
On May 17th, a ship from.
AMLO says he will announce a list of vacancies for Mexican doctors on May 24
After the controversy generated by the.
Micro-entrepreneurs celebrate the elimination of the use of face masks
The president of the Merida Small.
Traditional Mayan medicine is being revalued at the
If you are interested in traditional.