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General Motors To Build A New Factory In Mexico

From an unfazed Reuters:

GM to invest $691 mln in Mexican operations

June 26, 2013

(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.

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.

This article was posted by Steve on Thursday, June 27th, 2013. Comments are currently closed.

7 Responses to “General Motors To Build A New Factory In Mexico”

  1. Noyzmakr says:

    On my trip across Mexico, on my way to Puerto Vallarta, I drove through a beautiful town called Saltillio. It was the nicest town we saw until we got to the pacific coast. Clean, no plastic grocery bags littering every tree. No donkeys on every corner. Nice homes and everyone was driving new cars. There was a huge GM plant there. That was back in 2002. This has been going on for a while.

  2. GetBackJack says:

    But … but … all the ‘workers’ are coming here. There’ll be no work for them! And that plant will be non-Union! OMG, OMG, OMG … what will loyal Democrat Union voters do for a job? And a Holy Holy pension? And lunch breaks? And pensions? And union golf courses? And pensions?

    How you like them apples, Unionistas?

  3. Astravogel says:

    Wasn’t there some comment about a “Giant Sucking Sound?”
    Such gratitude for pulling their chesnuts out of the fire with
    our money!

  4. Astravogel says:

    Wasn’t there some comment about a “Giant Sucking Sound?”
    Such gratitude for pulling their chesnuts out of the fire with
    our money! What useful idiots we are.

    • Noyzmakr says:

      I was thinking about ole Ross Perot last night. I wondered what could have been.

      Of course, some blame the election of Clinton on Perot. I blame Bush 41 for letting the dems snooker him and his go-along to get-along attitude. If he hadn’t raised taxes I can’t imagine Perot would have gotten 19% of the vote. Even if Bush had been reelected he still would have signed NAFTA. So,….same difference.

    • heykev says:

      No, much different result. Elections have consequences. We got stuck with Ruth Bader Ginsburg and Stephen Breyer to sit on the SCOTUS as a direct result of both stupid decisions by 41 and Ross Perot staying in the election and sucking away votes from Bush. You get the idea. While I’m no fan of either Bush, both are better than any Democrat President.

    • Noyzmakr says:

      The only difference is the rhetoric. The results are basically the same. Big government, big dissappointment.

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