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GM to expand production in Mexico with $691m investment

ABR Staff Writer Published 27 June 2013

US based automobile manufacturer General Motors (GM) will invest $691m in its manufacturing facilities in Mexico, US in order to expand production in the region.

The amount will be invested in the Silao, San Luis Potosi and Toluca facilities to support the production of the high performance and more fuel-efficient powertrains as well as other vehicle parts.

Out of the total amount, about $349m will be spent on the construction of a new transmission plant in Silao Complex that produces next generation of 8-speed transmissions.

General Motors de Mexico president and managing director Ernesto Hernandez said the company is about to reach 78 years in Mexico and the new investment means more employment and development opportunities for the regions of Silao, San Luis Potosi and Toluca along with more advanced technology that will benefit its customers.

"The quality of our employees' work continues transcending borders, allowing us to continue attracting investment to maintain a strong production of vehicles, engines and transmissions of outstanding quality for our customers around the world," Hernandez added.

The manufacturer will spend about $131m to expand the next-generation transmission plant located at the San Luis Potosi Complex that manufactures transmissions, while about $211m will be used to increase operations at the Toluca Complex.