G.M. Uses Taxpayer Bailout Funds To Build New Mexican Auto Plant

GM to Build New Vehicle at Plant in Mexico

Will invest $500 million at plant in Ramos Arispe

General Motors will invest $500 million to produce a new vehicle and eight-cylinder engines in a plant in northeastern Mexico, a company spokesman said on August 4.

The decision was announced at a meeting on August 3 between GM management and Mexican officials, the spokesman said, without giving details of the new vehicle.

The investment in the GM plant in Ramos Arispe, Coahuila state, would generate 390 jobs, he added.

General Motors has been present in Mexico since 1935, where it has some 11,000 workers, four factories, an engineering center and a test circuit.

Copyright Agence France-Presse, 2010

http://www.industryweek.com/articles/gm_to_build_new_vehicle__at_plant_in_mexico_22462.aspx

GM’s investments in Mexico have been dwarfed by GM’s investment in Red China … GM has redirected “GM Bailout cash” into expanding production and facilities in Red China – rather then refurbishing American auto plants – GM Prepares IPO While UAW Jobs Continue Exodus To Red China

One Response

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

%d bloggers like this: