General Motors to Build New Plant in Mexico

General Motors is set to build a new plant in Mexico to produce compact and sub-compact cars at a cost of at least $600 million, part of which will be subsidized by the Mexican government. The plant in the central state of San Luis Potosi will employ 1,800 people and assemble 30 cars an hour. GM is laying off workers in the United States because high labor costs make plants there uncompetitive.