MEXICO CITY, Nov 22 (Reuters) - Mexican retailer Elektra said on Thursday it plans to build a $150 million plant to produce cheap cars by 2010 in a deal with Chinese automaker First Automobile Works Group. Elektra , owned by retail and media tycoon Ricardo Salinas, said the plant will produce 100,000 cars per year for distribution in Mexico and Central America. "Car prices are 5 to 10 percent below the average prices of those currently on the market," Elektra said, but did not specify ...
Premium Content (PAID Subscription Required)
"Mexico's Elektra in deal to produce cheap cars" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642