General Motors de Mexico informed that it will invest US$350 million to produce the next generation Chevrolet Cruze at its manufacturing complex in the municipality of Ramos Arizpe.
“This amount is part of the US$5 billion Mexico investment announced last December, and it will strengthen the presence of GM Ramos Arizpe, consolidating Mexico as our sixth largest producer worldwide, with 7% of global production”, said Ernesto Hernandez, CEO of GM Mexico. The Ramos Arizpe complex yields 25% of the total production of GM vehicles Mexico, with around 173,400 units manufactured in 2014. 87% of the vehicles produced by GM Ramos Arizpe are for export, with a presence in the markets of Argentina, Brazil, Canada, Colombia, European Community, Korea, China, U.S., Japan, Paraguay, Russia and Saudi Arabia.
Source: Reforma