GM has announced a USD87 million stamping plant investment in its lines at San Luis Potosi, Mexico. The investment will expand stamping capacity for the Chevrolet Aveo and Trax, according to a company statement. The investment will bring two laminate-printing machines.
Significance: The San Luis Potosi plant currently produces the Aveo and Trax for the Chevrolet brand, with output of about 130,969 units in 2014. IHS forecasts the plant will add the next generation of the Chevrolet Equinox and GMC Terrain, however, as well as the Sonic, in 2017, increasing output to about 294,000 units that year and to about 394,000 units in 2020. GM announced an investment of USD3.6 billion to support this expansion in December. GM’s production output from Mexico is forecast to reach 930,000 units in 2019, or about 27% of GM’s 3.33 million units of North American production.
