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For Immediate Release: Thursday, Dec. 11, 2014GM to Invest $5 billion in Mexico from 2013-2018 Investments to help generate 5,600 GM jobs, support creation of more than 40,000 auto-related jobsMEXICO, Federal District – General Motors announced today the six-year investment of $5 billion in Mexico through 2018 to modernize and expand its manufacturing facilities in Toluca, Ramos Arizpe, Silao and San Luis Potosí.“We are confident that the necessary economic conditions will take place in order for this investment to create up to 5,600 new jobs, which will also allow the creation of almost 40,000 auto-related jobs in our market,” said Ernesto M. Hernandez, president of General Motors Mexico, Central American and the Caribbean.The investment will be made during the next four years, reaching $3.6 billion, in addition to $1.4 billion investment announced or implemented in the first two years of the current administration.In the official Presidential Residence, Los Pinos, and in the presence of the Mexican President Enrique Pe?a Nieto, Hernandez said this investment package would enhance GM production capabilities in the country, especially in metal stamping, powertrain and vehicle assembly. The investment will help GM produce new vehicles for the local and foreign market, which will help establish GM as Mexico’s No. 1 vehicle exporter. “General Motors is a company that has always been committed to the countries in which it operates and that in decisive and significant moments of change as the ones we are living today, maintains its vote of confidence in Mexico,” Hernandez said. “GM is a company that, even in the most complex global economic environment, has seen with clarity the efforts made by this government to put forward structural reforms that improve the overall business environment and make Mexico an attractive investment opportunity.”With 79 years in the Mexican market, GM operates four production complexes?that include 14 manufacturing plants. About 15,000 employees work in GM de Mexico operation. Additionally, 105,000 work for suppliers and related businesses. GM produces an annual average of 890,000 motors in the country, 1,185,000 transmissions and 647,000 vehicles, of which about 80 percent are exported. Hernandez said the value of purchases made from suppliers established in the country will exceed $14 billion during 2014, accounting for 16 percent of global automotive purchases.GM manufactures the Chevrolet Aveo in Mexico, where it has been the best-selling car in the country for three consecutive years. The Chevrolet Trax tops sales of all small SUVs and the heavy-duty Chevrolet Silverado 2500 is the country’s best-selling work truck. GM de Mexico is the exclusive producer of the Cadillac SRX luxury midsize SUV for 18 countries around the world.GM also has an Engineering Center in Toluca, where more than 800 specialized engineers work on the development of vehicle interiors, electrical systems and thermal systems. General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at ###CONTACTS: Teresa CidGM de Mexico Communications(521) 5518 49 5680teresa.cid@William GrotzGM Manufacturing Communications313-400-4458william.grotz@ ................
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