New Leader Threatens To Unravel New $1 Billion Kia Plant In Mexico

For Kia Motors Corp., Mexico’s historic car boom isn’t working out as planned.

A dispute with a recently elected state leader may prevent the start of production next month at a northern Mexico car factory representing more than $1 billion in investment, Kia said Tuesday. The plant is in the cross hairs of Nuevo Leon Governor Jaime Rodriguez, a former rancher who threw out the ruling party in a landslide last year and says he opposes the deal Kia signed with his predecessor.

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MDarringer - 4/6/2016 8:26:59 PM

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Translation: This narcotraficante politician is looking to benefit from a mordida. Kia will pay and all will be fine.