General Motors plans to invest billions to expand production facilities in Mexico, a top executive said Thursday.
The Wall Street Journal reports that managing director for General Motors de Mexico Ernesto Hernandez said the company will spend $3.6 billion in addition to the $1.4 billion invested in the past two years.
GM aims to double production from its four plants by 2018. About 5,600 new jobs will come as a result, according to Hernandez.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.