GM to Double Capacity in Mexico

The head of General Motors Co.'s operations in Mexico tells reporters it will spend $3.6 billion by 2018 to double annual capacity at its four factories in Mexico by 2018.

Last year GM announced a $691 million program to expand casting operations in Toluca and transmission production in Silao and San Luis Potosi. The company also operates final assembly plants in Silao and Ramos Arizpe.

GM Mexico Managing Director Ernesto Hernandez says the spending will create 5,600 jobs, modernize and boost the technological capabilities of all four factories and result in a doubling of the company's local capacity to make engines, transmissions and vehicles.