GM Investing $5B To Modernize, Double Mexican Production

by Cameron Aubernon

December 12th, 2014 5:15 AM

gm investing 5b to modernize double mexican production

General Motors will invest $5 billion through 2018 into its Mexican facilities to help double production capacity.

Reuters reports $1.4 billion of the $5 billion has spent, according to GM Mexico president Ernesto Hernandez, with the rest coming over the remaining three years. The investment will add 5,600 jobs, and help modernize the subsidiary’s facilities in Coahuila, San Luis Potosi, Mexico State and Guanajuato.

The investment raises the total figure invested into the nation’s booming auto industry in the first two years of Pena Nieto’s presidency, now at $19 billion. Mexico is currently the seventh largest producer in the world, up from eighth place in 2013.

#CapitalInvestments #GeneralMotors #Mexico

Comments

Join the conversation

12 of 47 comments

Freddie on Dec 12, 2014

Mixed feelings here. This is not why U.S. taxpayers bailed out GM. On the other hand, a recent LA Times article described the near-slave conditions for Mexican farm workers (in Mexico). Bringing higher quality jobs to that country is a good thing. Adam Smith's invisible hand: greed drives employers to bring jobs to where they are needed the most.

Like Reply
JD321 on Dec 12, 2014

Mexico graduates 300K engineers per year. Car companies would be foolish not to move to Mexico. US people are now stupid and parasitic brats thanks to public schools and television programming. Pretty much everyone under 30 in the USA is a parasitic bratty moron and a net liability to any productive enterprise...Basically human tapeworms.

Like Reply
- See 5 previous
- Mason on Dec 12, 2014
  
  Do you have children? Don't know bout you, but I hold my children accountable for their actions and am constantly teaching them to be responsibile and respectful. Don't blame anybody but the parents, they (kids) only know what they see and hear, and the home is a very influential place good or bad.
  
  Like
- Roader on Dec 12, 2014
  
  As opposed to citizens of the European Union, or the South American and Central American countries, or India, or Russia, or Canada, or Australia, who definitely am not human tapeworms. They am way better than human tapeworms. ¿Debo entender que lo niegas?
  
  Like
- Drzhivago138 on Dec 12, 2014
  
  [Citation needed]. And careful, don't hurt yourself with all that vitriol you're spewing.
  
  Like
- Highdesertcat on Dec 12, 2014
  
  "US people are now stupid and parasitic brats thanks to public schools and television programming. " You mean to say that Jonathan Gruber is right? No wonder they sucked up Obamacare like it was a freebie.
  
  Like
- Highdesertcat on Dec 12, 2014
  
  "US people are now stupid and parasitic brats thanks to public schools and television programming. " You mean to say that Jonathan Gruber is right? No wonder they sucked up O'b*m*care like it was a freebie.
  
  Like
- Mcs on Dec 13, 2014
  
  @JD321 Ah yes, Mexico, the Athens of the Americas. Perhaps you could station yourself along the US southern border and kindly inform any individuals you might encounter trying to enter our country illegally of the grave mistake they are making by leaving paradise. It would be greatly appreciated.
  
  Like
Shaker on Dec 13, 2014

I'll just insert the obligatory "Strawman" here - the way this is going, it'll eventually fit.

Like Reply
- VoGo on Dec 13, 2014
  
  That's what she said?
  
  Like
Potemkin on Dec 14, 2014

Well that's it! If it wasn't for other countries we wouldn't have food to eat, something to cook it on/in, clothes to wear, building materials, other necessities, and now they are hollowing out the auto industry. Well I guess it won't matter because without good manufacturing jobs no one can afford to buy a new car.

Like Reply
- Highdesertcat on Dec 14, 2014
  
  Potemkin, read John R. MacArthur's book, "Barriers to Democracy in America" to gain an understanding of why this is so, and why the Democrats are just as bad as the Republicans in keeping Wall Street so intertwined in the running of the US.
  
  Like