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Tuesday, October 18, 2016

General Motors Quietly Pushes Forward With Mexican Investments

General Motors is pushing ahead with its extensive investments in Mexico despite Republican presidential candidate Donald Trump having issues with domestic automakers building their cars outside the US.

In September, Trump hit out at Ford following the automaker's announcement that it would move its small car production to Mexico and therefore shift manufacturing jobs out of the United States.

Not dissuaded by potential disagreements with the man who could soon lead the country, GM is investing $800 million into its small car lineup and with some of those funds, will retool its facility in Mexico's San Luis Potosi state.

The Detroit News reports that this facility, as well as another in Mexico, will begin building the Chevrolet Equinox next year, alongside the company's factory in Canada.

Whereas Ford has publicized its recent Mexican investments, General Motors has remained quiet this year and according to Mario Chacon, the head of global business promotion at Mexico's foreign investment agency, there's a good reason for that.

“Big American companies are being cautious, they don’t want to have issues with the presidential candidates.

“Companies don’t halt their investment decisions for political reasons, they simply do it quietly. No company wants to have big announcements now because they could see a negative reaction from unions in other countries. So decisions aren’t made out in the open but they continue. They can’t stop,” he said.


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