Volkswagen to Start Producing Golf for Americas in Mexico
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Volkswagen AG, Europe’s biggest carmaker, plans to build its best-selling Golf hatchback in Mexico in a push for market share in North America, where it trails competitors. The preferred shares hit a 20-year high.
VW will build the Golf at its factory in Puebla beginning in the first quarter of 2014, the German manufacturer said today. Golfs built at the plant will be sold in North and South America, and the production will be in addition to output of the model at VW’s home base in Wolfsburg and in Zwickau in eastern Germany, said Christoph Adomat, a spokesman.