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Old August 5th, 2010, 04:44 PM   #1
XXXJ
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Default GM to Build New Vehicle at Plant in Mexico

Way to go GM!!! More jobs to mexico!!!

http://industryweek.com/articles/gm_...ico_22462.aspx

Quote:
General Motors will invest $500 million to produce a new vehicle and eight-cylinder engines in a plant in northeastern Mexico, a company spokesman said on August 4.

The decision was announced at a meeting on August 3 between GM management and Mexican officials, the spokesman said, without giving details of the new vehicle.
The investment in the GM plant in Ramos Arispe, Coahuila state, would generate 390 jobs, he added.
and then

http://industryweek.com/articles/mad...ays_22468.aspx

Quote:
Recalling his stated intention in January to double U.S. exports within five years, Obama told Ford workers that the $250 million loan guarantee "means more production and more manufacturing jobs right here in the United States." The President was touring Ford's Chicago Assembly Plant in Illinois.

"The auto industry has gone through a difficult time. And it's not back to where it needs to be... It's going to take more time to heal from all the damage that was done. But we’re beginning to see our efforts pay off," Obama said on August 5.
"We are headed in the right direction. We are
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