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.
Photo: Cuartoscuro.com/Saúl 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.