UPDATE 2-GM to invest $691 mln in Mexican operations
Reuters) - General Motors Co outlined plans on Wednesday for investing $691 million to expand its Mexican operations, including the previously unannounced expansion of its Toluca engine plant.
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.
What the liberal socialists in the US don't realise is that the more you tax people and businesses, the more they are going to find other countries to do business in.
Look at the bright side... the illegals will go back to Mexico because there are no jobs here.
When you keep crying for more taxes on the rich, and the rich ending up taking your job to other countries and you can't put the two together, then you may be a 'Low information voter'.