Motors Co. plans to invest $691 million in its manufacturing
operations in three Mexican cities, and will spend an
additional $133 million to install a third stamping press at
its assembly and stamping plant in Wentzville, Mo.
"GM is about to reach
78 years in Mexico, and this new investment means more
employment and development opportunities for the regions of
Silao, San Luis Potosí and Toluca, and more advanced
technology that will benefit our customers," Ernesto M.
Hernandez, president and managing director of General Motors de
México S de RL de CV, said in a statement. "The quality
of our employees work continues transcending borders,
allowing us to continue attracting investment to maintain
strong production of vehicles, engines and transmissions of
outstanding quality for our customers around the world."
The automaker will
spend $349 million at its Silao complex for a new transmission
plant and a new generation of 8-speed transmissions; $211
million to expand the Toluca complex; and $131 million at San
Luis Potosí to expand its next-generation transmission
Separately, GM said it
will build a 114,000-square-foot addition at Wentzville and
install a third stamping press, which will make manufacturing
more flexible. Construction will begin in July, and GM expects
the press to be operational by early 2015. The Detroit-based
automaker anticipates hiring 55 additional workers to staff the
full-size vans, the Chevrolet Express and GMC Savana, and is
undergoing construction and installing new tooling to
manufacture the next-generation midsize pickups, the Chevrolet
Colorado and GMC Canyon.
The investment adds to
the $380 million GM has already spent since November 2011 to
prepare the plant to build trucks. The new press will increase
the plants capacity in stamping fenders, doors and other
key components for the new pickups and full-size vans.
"Stamping parts where
we assemble vehicles improves manufacturing efficiency and
contributes to the high level of quality our customers
deserve," GM North America manufacturing manager Larry Zahner
The Wentzville plant,
which opened 30 years ago, employs 2,000 people on two