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Latin Times
Latin Times
Business
Ann Resuma

GM, Foxconn To Swap Out Imports To Mexico For Local Production

GM Foxconn Mexico General Motors GM Ventures
The GM logo is seen at the General Motors plant in Sao Jose dos Campos (Credit: AFP)

General Motors and Foxconn are about to announce their plans to swap out imports to Mexico, Mexico's deputy economy minister said on Wednesday.

Vidal Llerenas, head of the industry and trade for Mexico's economy ministry, said that the government is currently having discussions with other big firms like Stellantis and DHL to determine which products could be manufactured in Mexico, a Reuters report revealed.

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