UPDATE 3-Volkswagen builds new engine plant in Mexico

Newswire

* Volkswagen spending $550 mln on engine plant in Silao * Production to supply U.S. and Mexican factories * VW to boost current U.S. sales by three by 2018 (Updates with Calderon quote, detail from Volkswagen) By Tomas Sarmiento and Alexandria Sage MEXICO CITY, Sept 22 (Reuters) - Volkswagen AG will invest $550 million in developing a new engine facility in Mexico to supply parts to two of its North American plants, the German automaker said on Wednesday. The Silao, Guanajuato ...

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