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.
The post GM Investing $5B To Modernize, Double Mexican Production appeared first on The Truth About Cars.
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