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Report – Auto supplier Bosch to invest 400 million euros in Mexico

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Report – Auto supplier Bosch to invest 400 million euros in Mexico

According to a report coming from a German newspaper, the automotive supplier Robert Bosch is ready to launch an investment plan worth 400 million euros to manufacture car parts for the expanding North American region.

The Stuttgarter Zeitung quoted German supplier Robert Bosch CEO Volkmar Denner saying the company is preparing to massively invest into Mexico – recently the country spearheading production novelties in the region – by pouring 400 million euros ($546 million) over the next years – also creating in the process some 3,000 new jobs.

The auto industry in Mexico has been growing heavily in the past few years, with many automakers and suppliers taking advantage of the geographical position of the country, its cheap workforce and the rising business opportunities the government has created by signing numerous trading partnerships. Just last week Daimler and Nissan announced a new partnership to build a plant in Mexico for the Mercedes-Benz and Infiniti brands, while BMW is expected today to make official the long rumored new facility for North America – which would also be constructed there.

Denner told the newspaper that Bosch intends to build in Mexico a new research and development center and additionally grow its current local manufacturing capacity.

Via Automotive News Europe

by Aurel Niculescu (my Google+) - Thursday, July 3rd, 2014 - filed under Industry, News. Image credit: .
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