Ausmartin1
13-12-2014, 10:08 PM
http://www.reuters.com/article/2014/12/11/us-mexico-gm-idUSKBN0JP24F20141211
Well at least we know where all the manufacturing dollars are being spent..... in Mexico.
The parts and even cars out of Mexico are very good these days, but I wonder how the American "Pride" is going these days LOL!
I assume that like trying to sell Chinese to Germans ... hence many factories in Eastern Europe seem to be working well for Euro brands.
Interesting times where manufacturing continues to gravitate to the cheapest labour places on Earth.
"
(Reuters) - General Motors will invest $5 billion in Mexico to double its production capacity at its plants around the country, Mexican Economy Minister Ildefonso Guajardo said on Thursday.
"With this investment, General Motors will double its production capacity of vehicles, engines and transmissions," Guajardo said at a news conference in Mexico City.
Of the $5 billion, $1.4 billion has already been spent, Ernesto Hernandez, president and managing director for General Motors Mexico said, leaving $3.6 billion to be invested over the next four years through 2018.
The money will go toward expanding General Motors' four manufacturing complexes in Mexico, modernization of production lines and technological advances in autos and auto parts, Hernandez said.
The four complexes are in the states of Coahuila, San Luis Potosi, Mexico State, and Guanajuato. "
Well at least we know where all the manufacturing dollars are being spent..... in Mexico.
The parts and even cars out of Mexico are very good these days, but I wonder how the American "Pride" is going these days LOL!
I assume that like trying to sell Chinese to Germans ... hence many factories in Eastern Europe seem to be working well for Euro brands.
Interesting times where manufacturing continues to gravitate to the cheapest labour places on Earth.
"
(Reuters) - General Motors will invest $5 billion in Mexico to double its production capacity at its plants around the country, Mexican Economy Minister Ildefonso Guajardo said on Thursday.
"With this investment, General Motors will double its production capacity of vehicles, engines and transmissions," Guajardo said at a news conference in Mexico City.
Of the $5 billion, $1.4 billion has already been spent, Ernesto Hernandez, president and managing director for General Motors Mexico said, leaving $3.6 billion to be invested over the next four years through 2018.
The money will go toward expanding General Motors' four manufacturing complexes in Mexico, modernization of production lines and technological advances in autos and auto parts, Hernandez said.
The four complexes are in the states of Coahuila, San Luis Potosi, Mexico State, and Guanajuato. "