General Motors to Expand Investments in Mexico General Motors Company plans to invest $691 million to expand its Mexican operations. Of the total amount, GM will spend $349 million for a new transmission plant in Silao that will manufacture 8-speed transmissions, $211 million for the expansion of Toluca, which produces V8 and four-cylinder engines, and $131 million to upgrade the next-generation transmission plant in San Luis Potosi. Mexico has become an attractive location for many automakers due to its numerous free trade agreements, well- educated labor force, proximity to the U.S., and growing demand in South America. Eagle Ottawa Establishes a Plant in Leon In order to supply the automotive sector, the Michigan-based company Eagle Ottawa kicked off production at its 9,300 square meter cutting plant in Leon, Guanajuato, with an investment of $40 million to open a 140,000 square meter leather finishing plant. The plant is predicted to generate 1,500 direct jobs. Eagle Ottawa is a world leader in manufacturing leather products for the automotive-auto parts sector. One out of every five leather- upholstered deluxe vehicles uses their products, which are found in 100+ automobile models in brands such as Honda, General Motors, Toyota, Chrysler, and Hino, among others.
Posted on: Mon, 12 Aug 2013 15:24:42 +0000
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