General Motors announced on Thursday, April 29, that it will be investing $1 billion to produce electric vehicles at a plant in Mexico. GM stated that it would build a new painting facility that is expected to start operating in June at Ramos Arizpe, a city in Mexico.
GM’s plans in the Mexican production site
The building is part of General Motor’s preparation for the production of its own EVs that will begin in 2023. The said site in the Mexican state is a complex that currently has facilities that assemble conventional internal-combustion vehicles such as the Chevrolet Blazer and Equinox SUV models.
As per Reuters, the company’s expansion in Ramos Arizpe will also include provisions to make batteries and other types of electronic parts. The carmaker already has four plants for EV production and these are located in the U.S. and Canada. The expansion in Mexico is also part of GM’s move to halt its sales of gas-powered vehicles by 2035.
"I'm sure this investment will contribute to continue boosting Mexican manufacturing while bringing development to the region, the industry and the country," GM’s Mexican unit president, Francisco Garza, said via webcast this week.
Criticisms over GM’s new investment plan
While this is a big plan for General Motors, it did not get good feedback from the United Auto Workers (UAW). The group criticized the automaker’s decision to build its EVs in Mexico because the company could have employed the members of the union in the U.S. instead.
Moreover, the workers’ group pointed out that the U.S. is planning to implement new incentives for electric vehicle makers in the country, but despite this, GM still opted to operate in Mexico.
“At a time when General Motors is asking for a significant investment by the U.S. government in subsidizing electric vehicles, this is a slap in the face for not only UAW members and their families but also for U.S. taxpayers and the American workforce,” UAW vice president of the GM division, Terry Dittes, wrote in a press release.
He further explained that GM vehicles that are manufactured in Mexico are being sold in the U.S., so it is only right that the production should just be in the country and employ American workers. “That is why our nation is investing in these companies. Taxpayer money should not go to companies that utilize labor outside the U.S. while benefiting from American government subsidies,” Diites concluded his statement.


Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million
India Services Sector Rebounds in January as New Business Gains Momentum: HSBC PMI Shows Growth
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off
US-India Trade Bombshell: Tariffs Slashed to 18% — Rupee Soars, Sensex Explodes
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
Novo Nordisk Warns of Profit Decline as Wegovy Faces U.S. Price Pressure and Rising Competition
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 



