General Motors Co. said Thursday it will invest $5 billion in Mexico over six years, dating from 2013 through 2018, and will add 5,600 new jobs in the region.
The Detroit based automaker said the investment includes $1.4 billion announced or implemented in the past two years and $3.6 billion will come over the next four years.
“These investments will fund plant improvements to modernize and expand our manufacturing facilities at our four major complexes in Mexico,” GM spokesman Bill Grotz said.
GM, in a news release, said the investments will help “GM produce new vehicles for the local and foreign market, which will help establish GM as Mexico’s No. 1 vehicle exporter.”
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