G.M. Investing $500 Million in Mexico .... Good bye US Tax Dollars!!

MEXICO CITY — General Motors Co., the biggest producer of cars and light trucks in Mexico, will invest $500 million to renovate a factory in the northern state of Coahuila.
Part of the funds will go toward setting up production of eight-cylinder engines at the site, Grace Lieblein, president of General Motors de Mexico, said Tuesday in Mexico City.
General Motors has four assembly plants in Mexico, as well as a transmission factory that opened in 2009.

The factory will produce a new vehicle and eight-cylinder engines in a plant in northeastern Mexico, a company spokesman said on August 4.
The decision was announced at a meeting on August 3 between GM management and Mexican officials, the spokesman said, without giving details of the new vehicle.
The investment in the GM plant in Ramos Arispe, Coahuila state, would generate 390 jobs, he added.
General Motors has been present in Mexico since 1935, where it has some 11,000 workers, four factories, an engineering center and a test circuit.

Yes this is the same G.M. that Obama bought as too big to fail and that allowing it to fail woudl hurt American business.