Why is GM investing 540 Million in an engine plant, located in Central Mexico?

suthrnlyts™

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http://www.autonews.com/apps/pbcs.dll/article?AID=/20110120/OEM01/301209965/1424


MEXICO CITY (Reuters) - General Motors Co. is investing $540 million in an engine plant in central Mexico to produce two low-emission engine models.

Mexico's auto industry, a key driver of industrial activity, is closely tied to demand from the United States and has helped the domestic economy rebound from a deep recession. Auto production was up 50 percent for 2010 compared with 2009 while exports were up 52 percent in that period.

U.S., European and Asian automakers have increased investments and shifted more production into Mexico recently.



Read more: http://www.autonews.com/apps/pbcs.dll/article?AID=/20110120/OEM01/301209965/1424#ixzz1BbUmVaPH


Is this the "job creation" we were promised? MEXICO?
 
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