General Motors announced a new investment last week in the San Luis Potosí, Mexico manufacturing facility. The amount totals $87 million, in an effort to expand the productive capacity of the facility.
In an event attended by local authorities, the President and CEO of GM Mexico, Ernesto M. Hernandez, revealed to the press that this investment will add two new stamping presses to the current stamping line.
“We start this project looking to modernize and increase our working capacity in the stamping process in San Luis Potosi, which is key to producing vehicles like Chevrolet Aveo and Trax, which are very popular in the Mexican market,” Hernandez noted.
The Chevrolet Aveo is the best-selling car in Mexico for the last consecutive three years. The Chevrolet Trax is the top-selling small SUV in the Mexican market, and is also exported to South American countries and Canada.
In total numbers, 39% of the vehicles sold in Mexico are assembled in the GM plant, Hernandez cited.