According to a report coming from the German newspaper The Stuttgarter Zeitung, the automotive supplier Robert Bosch is ready to invest 400 million euro ($550 million) to increase the manufacture of car parts for the expanding North American region.
Volkmar Denner, Chief Executive Officer of Robert Bosch, said the company is preparing to invest 400 million euros ($550 million) over the next few years and in the process create some 3,000 new jobs.
The auto industry in México has been growing dramatically 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.
Denner told the newspaper that Bosch intends to build a new research and development center in México in addition to expanding its current local manufacturing capacity.
(from InAutoNews)
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