Mexico state govt reaches deal with Kia to cut tax breaks

miércoles 8 de junio de 2016 16:23 GYT

MONTERREY, June 8 (Reuters) - The governor of the Mexican state of Nuevo Leon, Jaime Rodriguez, on Wednesday said that officials had reached a deal with Korean carmaker Kia Motors to cut the tax breaks it would receive after building its first Mexican plant in the state.

Nuevo Leon's economy minister, Fernando Turner, said the deal reached would reduce the incentives from 28 percent of the amount invested by Kia and its suppliers to 10.5 percent. (Reporting by Gabriela Lopez)