Published On: Wed, Mar 4th, 2015

GM to invest 5 billion dollars to modernize and expand its plants in Mexico

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The company plans to invest US$5 billion to modernize four plants in the country.

General Motors President Dan Ammann said that the company plans to invest five billion dollars to modernize and expand its plants in Toluca, Ramos Arizpe, Silao and San Luis Potosí between 2015 and 2018.

He added that the investment will create more than 5,000 new jobs in Mexico.

In an interview with Mexico City Newspaper EL UNIVERSAL Ammann said that even though the Chevrolet brand will play a more important role in the domestic market, there is also “an opportunity with Cadillac and Buick.”

Dan Ammann said that the investments planned by General Motors will create more than 5,000 new jobs in Mexico. (Photo: GERMÁN ESPINOSA / EL UNIVERSAL )

Dan Ammann said that the investments planned by General Motors will create more than 5,000 new jobs in Mexico. (Photo: GERMÁN ESPINOSA / EL UNIVERSAL )

Mexico is the second largest supplier of parts and components for General Motors after the United States: one in every six US dollars used by GM to buy auto parts is spent in Mexico.

On the topic of electric vehicles, Ammann said that even though General Motors is ready to introduce such vehicles to our country, it must first evaluate if there is the necessary infrastructure.

Dan Amman concluded saying that “It is not a question if it will happen or not, but when.”

 

Source: http://www.eluniversal.com.mx/

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