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The News
Sunday 26 of September 2021

Nuevo León Wants to Renegotiate Agreement with Kia Motors

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Gov. Jaime Rodríguez says that he cannot honor a deal that his predecessor reached with the automaker

MEXICO CITY – The government of the northern Mexico state of Nuevo León says it wants to renegotiate a tax incentives deal with Kia Motors Corp.

CIUDAD DE MÉXICO, 04ABRIL2016.- Ildefonso Guajardo Villarreal Secretario de Economia y Jaime Rodriguez Calderon, gobernador de Nuevo León durante la comida en honor a la presidenta de Corea Park Geun-hye en Palacio Nacional.  FOTO: SAÚL LÓPEZ /CUARTOSCURO.COM
CIUDAD DE MÉXICO, 04ABRIL2016.- Ildefonso Guajardo Villarreal, Secretary of Economy, and Jaime Rodriguez Calderon, governor of Nuevo León during the banquet to honor Park Geun-hye.
Photo:úl López.

Nuevo León Gov. Jaime Rodríguez says he can’t implement a deal agreed to by his predecessor that gave the South Korean automaker tax exemptions for as long as 20 years as well as infrastructure for a car plant.

Rodríguez suggests in a statement that he is willing to meet the automaker half way.

The governor attended a dinner Monday for the state visit of South Korean President Park Geun-hye. Rodríguez said he did not personally meet with the president, but said state officials had been in talks with the Koreans.

Kia has said the plant will be completed by the first half of 2016.