General Motors Co can build its next-generation Chevrolet Cruze tiny automobile in Mexico, the corporate aforesaid on weekday, as automakers look to expand there to require advantage of low labor prices and trade agreements.GM can invest $350 million to provide the Cruze at its plant in Coahuila, as a part of the $5 billion investment in its Mexican plants declared last year.GM thus far has known solely 3 plants globally that may build the next-generation Cruze, together with in China.
The company's mill in Gunsan,South Korea, can still build this Cruze model to satisfy demand in domestic and export markets. The Cruze is presently foreign to Mexico from GM's plant in Asian country.
Automakers are trying to maneuver to Mexico for its low labor prices and approach to the U.S. market. Toyota is finalizing plans for its 1st passenger car mill in Mexico, folks acquainted with the matter antecedently aforesaid. Volkswagen recently declared a $1 billion investment in its Puebla plant.
Source: Autobei
No comments:
Post a Comment