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General Motors (NYSE: GM) has generated an angry response in its hometown of Detroit to its $1-billion plan to build electric vehicles in Mexico.
¡Ay, Caramba! The company did not announce the news through its English-language communications channels, but instead dropped word via a Spanish-language press release from its Mexican subsidiary.
The electric vehicles will be built at GM’s Ramos Arizpe production complex. The company plans to begin producing batteries and components for the electric vehicles later this year, with full vehicle production slated to start in 2023.
No Muy Bueno: Closer to GM headquarters, reaction to the news was unpleasant.