Mexico Is The World’s 8th Largest Producer and 4th Largest Exporter of New Cars

Nieto Cars

By Enrique Pena Nieto

Investment is a key trigger of growth and employment and a powerful engine of economic development.

Earlier today, at the Official Residence of Los Pinos, we shared the good news that proves the strength, dynamism and competitiveness of the domestic auto industry.

By this I mean the $691 million USD that General Motors will invest in our country in high-tech projects.

With this infusion of funds, General Motors will build a new transmission plant at its complex in Silao, Guanajuato, expand the plant it opened last year in San Luis Potosi and consolidate its complex in Toluca.

To achieve the Prosperous Mexico we want to build, our country now has a strong automotive sector. Mexico is the world’s 8th largest producer and 4th largest exporter of new cars.

As President, I confirm my commitment to consolidating Mexico as a world power in the production and export of automobiles and auto parts, and I congratulate General Motors on its decision to continue grow alongside Mexico. Congratulations!