By Dudley Althaus
Bloomberg
MEXICO CITY--General Motors Co., one of the leading auto makers in Mexico, said Thursday that it is investing $5 billion between 2013 and 2018 to double capacity at its four plants in the in the country.
The managing director for General Motors de Mexico, Ernesto Hernandez, said the company will invest $3.6 billion in addition to the $1.4 billion invested in the past two years.
The company plans to upgrade and expand its plants in the states Coahuila, Guanajuato, Mexico, and San Luis Potosí, creating an additional 5,600 direct jobs for GM GM, +1.43% and thousands more for suppliers, Mr. Hernandez said in an event at the presidential residence.
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