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
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
Filed under: Auto Industry, Auto Industry Bailout, Bailout, Economic Crisis, Economic Recovery, General Motors | Tagged: General Motors, GM, GM Bailout, GM Mexcian Plant Expansion, Government Motors, Unemployment |