GM to invest $691 million in Mexican operations

Discussion in 'Too Hot for Swamp Gas' started by diehardgator1, Jun 27, 2013.

  1. diehardgator1
    Offline

    diehardgator1 Well-Known Member

    Joined:
    Apr 3, 2007
    Messages:
    6,546
    Likes Received:
    117
    Trophy Points:
    63
    Ratings Received:
    +247
    Lets see they owe US taxpayer billions yet they want to expand in Mexico rather than the US why

    Could they want to run away from obama care, run away from union labor run away from government regulations ? Yes like every company they want to make money and more and more they have to leave the US to do that

    "The plans include a new factory in Silao in central Mexico to build 8-speed transmissions and an upgrade to an existing factory in San Luis Potosi that will make next-generation transmissions, GM Mexico President Ernesto Hernandez said.

    With numerous free trade agreements, a cheap, well-educated labor force, and proximity to the lucrative U.S. auto market, combined with growing demand in South America, automakers have been lining up for two years to set up shop or expand in a country that some analysts believe could eventually overtake Brazil as Latin America's biggest economy.

    http://www.reuters.com/article/2013/06/26/us-mexico-general-motors-idUSBRE95P1FZ20130626
  2. orangeblueorangeblue
    Online

    orangeblueorangeblue Well-Known Member

    Joined:
    Apr 8, 2007
    Messages:
    56,228
    Likes Received:
    546
    Trophy Points:
    113
    Ratings Received:
    +2,369
    Cheap labor + NAFTA. Same reason most of our manufacturing went south of the border over the last 20 years.
  3. HallGator
    Online

    HallGator Administrator VIP Member

    Joined:
    Apr 3, 2007
    Messages:
    42,455
    Likes Received:
    836
    Trophy Points:
    113
    Location:
    Outer Limits
    Ratings Received:
    +2,851
    I would rather see it in Mexico than in China. Maybe it would help to keep more illegals home. I have always thought trying to improve production and the economy, in general, in Mexico is a good way to attack the immigration problems.
  4. G8trGr8t
    Online

    G8trGr8t Premium Member

    Joined:
    Aug 26, 2008
    Messages:
    13,517
    Likes Received:
    912
    Trophy Points:
    113
    Location:
    SW Florida
    Ratings Received:
    +1,648
    invest in KCS aka the NAFTA railroad. do your own dd but Mexican port access to US markets is changing things

    wider Panama Canal will also allow GM to ship/receive components to east and the west.

    and although the ispectors are corrupt at the ports, they don't cost nearly as much as the unions at the US ports.
  5. Swampmaster
    Offline

    Swampmaster New Member

    Joined:
    Apr 11, 2007
    Messages:
    20,264
    Likes Received:
    51
    Trophy Points:
    0
    Ratings Received:
    +51
    great news for economy of mexico!! cheap labor, more low quality cars!! GM--on top of it!
  6. exiledgator
    Online

    exiledgator Gruntled Premium Member

    Joined:
    Jan 5, 2010
    Messages:
    9,045
    Likes Received:
    642
    Trophy Points:
    113
    Location:
    Maine
    Ratings Received:
    +1,789
    The great sucking sound.
  7. orangeblueorangeblue
    Online

    orangeblueorangeblue Well-Known Member

    Joined:
    Apr 8, 2007
    Messages:
    56,228
    Likes Received:
    546
    Trophy Points:
    113
    Ratings Received:
    +2,369
    They've been in Mexico forever. So is Honda, BMW, the list goes on.
  8. diehardgator1
    Offline

    diehardgator1 Well-Known Member

    Joined:
    Apr 3, 2007
    Messages:
    6,546
    Likes Received:
    117
    Trophy Points:
    63
    Ratings Received:
    +247
    They have but since they are investing our tax money maybe they should invest it in the US
  9. exiledgator
    Online

    exiledgator Gruntled Premium Member

    Joined:
    Jan 5, 2010
    Messages:
    9,045
    Likes Received:
    642
    Trophy Points:
    113
    Location:
    Maine
    Ratings Received:
    +1,789
    But this likely gives the best return for shareholders.
  10. oldgator
    Offline

    oldgator Premium Member

    Joined:
    Apr 3, 2007
    Messages:
    13,605
    Likes Received:
    138
    Trophy Points:
    0
    Ratings Received:
    +139
    appears corporations are interested in money more than patriotism.

    BTW--corporations are more interested in money than peoples' health
  11. rpmGator
    Offline

    rpmGator Well-Known Member

    Joined:
    Apr 10, 2007
    Messages:
    12,586
    Likes Received:
    126
    Trophy Points:
    63
    Location:
    WG/Longboat Key
    Ratings Received:
    +484
    After we bailed out Chrysler the first time, they move their truck plant to Mexico and sold out to the Germans.

    We bailed them out again since.

Share This Page