Free Republic

Amount of taxpayer funding given to GM and GMAC comes to a staggering $50.4 billion.Two weeks ago, General Motors Co. (GM) announced that they were investing $691 million in Mexico, and while they acknowledged the expansion would bring many new jobs south of the border, they would not disclose the actual figure. The Detroit News reported: “The Detroit-based automaker said it will spend $349 million for the new transmission plant in Silao; $131 million to expand its San Luis Potosi Complex transmission plant and to build lighter and smoother transmissions with better fuel economy, and $211 million to expand its...

That's Government Motors gratitude for you! From the Wall Street Journal: U.S. automobile giant General Motors Co. said Tuesday it plans to invest close to $500 million in its Ramos Arizpe plant in northern Mexico to produce a new line of engines as well as a new vehicle... "We estimate that these technologies allow for a 9% improvement in fuel efficiency from current engines," Lieblein said, adding that the investment will directly create 390 jobs in Coahuila state, where Ramos Arizpe is located. Another $215 million will go toward upgrading the factory's production lines to build a new vehicle for...