Audi opens Mexico plant to make Q5 SUV
- Top 10 News for 10/17 - 10/21: Merger Rumors Abound; CEOs Depart; Tesla Kicks Autopilot Up A Notch
- Wall Street ends little changed; Microsoft hits record
- AT&T (T) in Advanced Talks to Acquire Time Warner (TWX) - DJ
- Rockwell Automation (ROK) Said to Attract Takeover Interest from Schneider Electric - Source
- British American Tobacco Offers to Acquire Remaining Shares of Reynolds American (RAI) for $56.50/Share
An Audi logo is seen at the Mondial de l'Automobile, Paris auto show, during media day in Paris, France, September 30, 2016. REUTERS/Jacky Naegelen
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
SAN JOSE CHIAPA, Mexico (Reuters) - German car maker Audi
The factory near to the central city of Puebla will have a production capacity of 150,000 cars a year, the company said.
The company will manufacture conventional gasoline-powered versions of the SUV, and will later roll out greener models.
"We will bring electricity and electrified versions (of the Q5 SUV) here to Mexico," Audi Chief Executive Officer Rupert Stadler said in a press briefing following the inauguration.
"I'm talking about the plug-in hybrid in the first stage," he said.
Reuters reported in June that Audi, Volkswagen's
Earlier on Friday, Audi said in a statement that the new Mexican factory "will probably soon build an SUV that can drive in electric mode."
(Reporting by Luis Rojas; Editing by Sandra Maler)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Iraqi army tries to take main Christian town near Mosul
- China regulator tells banks to boost property loans risk management
- French police stage fifth night of protest, Hollande pledges meeting
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!