Breitbart – by Wynton HallGeneral Motors Co. (GM) announced on Wednesday that it will spend $691 million to build and expand its factories in Mexico.
GM Mexico President Ernest Hernandez said the move will boost Mexican employment and development.
“The automotive sector is today one of the pillars of the national economy, representing more than 20 percent of manufacturing GDP and continues to be, for many reasons, a fundamental industry in attracting investments to productive sectors of the economy,” said Hernandez.
GM says it plans to open a new factory in Silao and enhance its San Luis Potosi facilities.
“GM is about to reach 78 years in Mexico and we celebrate it with this new investment, which means more employment and development opportunities for the regions,” said Hernandez.
Early this month, the Los Angeles Times reported that American taxpayers lost nearly $10 billion on the GM taxpayer-funded bailout.
http://www.breitbart.com/Big-Government/2013/06/26/GM-To-Invest-691-Million-In-Mexico
Who is going to work there? All the Mexican’s are here. I guess all the
unemployed Americans can go there for work. Maybe NYC’s Pee Wee
can bus them down there.
HaHaHa yep oldmule. I agree, but I`m not bugding, I`m here to stay – hard as it is. 🙂
The poor Columbian wetbacks! Who else?
A little known factoid: mexico has as big a problem with illegal immigrants from the south as we do!
This might have an upside, we should expect Government Motors vehicles prices to drop 75%! After all, if mexico’s wetbacks are working for the same or similar discounted wages as Mexicans here do.
Oh, wait! That was a brain fart! I forgot the money junkies are running the show.
Hell Rumms, ya had me going there for a bit, and then ya just had to say that ditry word “money junkies”. LOL 🙂
🙂 🙂 🙂
Headline should have been:
“American tax payers bail out GM and GM invests in Mexico”