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China-Mexico $200 million auto tie-up

Thursday, February 2, 2017

A Chinese-Mexican tie-up on Wednesday unveiled plans to invest over $200 million in a Mexican car plant in a welcome sign of confidence even as threats from U.S. President Donald Trump have paralysed investment plans by U.S. companies.

Mexico's Giant Motors and China's JAC Motor, along with distributor Chori , will invest more than $212 million in an existing plant to build SUVs in the central state of Hidalgo.

Source: Reuters