General Motors has made a $420 million investment in its Mexico plants in Guanajuato and San Luis Potosi, according to the Wall Street Journal.
The investment is part of the $900 million total investment in Mexico real estate announced by GM in 2011 and part of the $5 billion already invested in Mexico over the last six years.
According to Mexico Real Estate News, GM Mexico President Ernesto Hernandez Quiroz said the company will invest $120 million in the San Luis Potosi for production of the Chevrolet Trax and another $100 million for a new transmission plant. $200 million will also be invested at the Silao plant in Guanajuato, where production on a new breed of pickups will begin in 2013.
According to the Wall Street Journal, GM is the latest in a series of auto companies that have announced expansions or new operations in Mexico.
