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MEXICO CITY (Dow Jones)--U.S. automobile giant General Motors Co. said Tuesday it plans to invest close to $500 million in its Ramos Arizpe plant in northern Mexico to produce a new line of engines as well as a new vehicle.
Of that amount, the company is investing $284 million to manufacture eight-cylinder engines with spark-ignition direct-injection technology, known as SIDI, Grace Lieblein, chief executive of GM de Mexico, said at an event.
"We estimate that these technologies allow for a 9% improvement in fuel efficiency from current engines," Lieblein said, adding that the investment will directly create 390 jobs in Coahuila state, where Ramos Arizpe is located.
Originally posted by mishigas
reply to [url=http://www.abovetopsecret.com/forum/thread600564/pg1#
Yeah, and I want to see the car with the MS-13 sponsorship!
Incredible. We use our tax dollars to bail out GM because if they went bankrupt the world would end, and this is how they repay us. They invest in Mexican workers.