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Mexico's El Bronco bucks at investment incentives

Wednesday, May 18, 2016


The new governor of a northern Mexican state is balking at the tax breaks, land grants and other public perks that have underwritten the country’s automotive boom of recent years.

Nuevo León Gov. Jaime Rodríguez, whose nickname El Bronco plays on his headstrong style, and his aides are refusing to honor a large portion of the incentives promised by the previous state government to woo a $2.5 billion new assembly plant by South Korea’s Kia Motors.


Source: Wall Street Journal