(Reuters) – General Motors Co outlined plans on Wednesday for investing $691 million to expand its Mexican operations, including the previously unannounced expansion of its Toluca engine plant.
The plans include a new factory in Silao in central Mexico to build 8-speed transmissions and an upgrade to an existing factory in San Luis Potosi that will make next-generation transmissions, GM Mexico President Ernesto Hernandez said…
GM’s investment will boost employment and development in Silao, San Luis Potosi and Toluca, Hernandez said. GM did not say how many jobs it will add in Mexico, where it employs 15,000 people at four complexes and its headquarters in Mexico City…
Well, we know exactly how many jobs this will add in the US. Zero.
Zitat The U.S. automaker builds the Chevrolet Silverado and GMC Sierra pickup trucks in Silao; Chevy Sonic and Captiva, and Cadillac SRX vehicles in Ramos Arizpe; and the Chevy Aveo, Trax and Tracker vehicles in San Luis Potosi…
Of the $691 million announced on Wednesday, $211 million will be spent on the expansion of Toluca, where GM builds V8 and four-cylinder engines…
Of the rest of that investment, GM will spend $349 million for a new transmission plant in Silao that will build 8-speed transmissions, and $131 million to expand the next-generation transmission plant in San Luis Potosi. GM didn’t provide details on the new transmissions.
The $480 million newly announced to be spent at Silao and San Luis Potosi is part of $900 million GM in July 2011 committed to spend in Mexico. In July 2012 it said it would spend $420 million at its San Luis Potosi and Silao plants…
Lest we forget, GM has preparing to sell their US owned stock, which will cost the US taxpayers $10 billion in losses.
Also, lest we forget, the United Auto Workers own GM. And yet they don’t care about their workers.
Remember the 80s when everyone complained about Japan? Seems Japanese companies open more factories in America these days. Shame on gm and I won't buy one of their cars.
Quote: Frank Cannon wrote in post #8This explains why GM is about to introduce this new car...
The Chevy Sombrero. It runs on refried beans and gets ocho cinco kilometers per pound.
Nah,here is the new GM model to be made in Mexico. It's based on a classic Chebby,and early reports are it will be named the Chebby Stealth.
Supposed to get REALLY great gas mileage,but is said to be tough on sandals and flip-flops.
Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012)
BTW,my 2008 Chevrolet HHR panel truck was made in Mexico,and my 2012 VW Passat was made in Tn.
Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012)