GM to Invest $500M in Mexico Wall Street Journal ^ | 8/4/10 | Paul Kiernan Posted on Wednesday, August 04, 2010
MEXICO CITY (Dow Jones)--U.S. automobile giant General Motors Co. said Tuesday it plans to invest close to $500 million in its Ramos Arizpe plant in northern Mexico to produce a new line of engines as well as a new vehicle.
Of that amount, the company is investing $284 million to manufacture eight-cylinder engines with spark-ignition direct-injection technology, known as SIDI, Grace Lieblein, chief executive of GM de Mexico, said at an event.
"We estimate that these technologies allow for a 9% improvement in fuel efficiency from current engines," Lieblein said, adding that the investment will directly create 390 jobs in Coahuila state, where Ramos Arizpe is located.
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Here are the people I say piss on:
#1. Obama. He took my tax dollars, bought GM and then took more stimulus money and gave it to Mexico.
#2. The "free-trade" wing of the Republican Party. I say,"Go fuck yourselves."
#3. Unions which drive American jobs overseas.
#4. Greedy Wall Street types who worship the almighty buck over the USA.
