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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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.