GM Spending $5 Billion To Expand Mexico Facilities

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.

by RTTNews Staff Writer

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