Canada Spends Big to Save GM, So Why Not Mexico?
TIME
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At time when the U.S. and Canada are pouring tens of billions of dollars into General Motors Corp. to give the bankrupt automaker a new lease on life, why is Mexico flying under the radar?
Last month when Washington and Ottawa pledged to invest $60 billion in Detroit's biggest car company, Mexico — a partner in NAFTA and an integrated North-American auto industry — was conspicuous by its absence at the negotiating table.
That's more than a little surprising when you consider that Mexico has overtaken Canada in production of GM vehicles, making such popular name plates as the Chevy Silverado and Suburban. Last year GM made a total of 504,858 vehicles at four assembly plants in Mexico; that's 9% higher than the 463,869 cars and light trucks produced by GM Canada.
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