MEXICO CITY (AP) -- General Motors is investing $540 million to build fuel-efficient engines at its plant in central Mexico.
Labor Secretary Javier Lozano says the plant in the city of Toluca will produce lower-emission 1.6 and 1.8-liter, 4-cylinder engines for export. The investment will provide 500 new jobs.
President Felipe Calderon praised the investment at a ceremony Thursday, calling it another sign of recovery for Mexico's auto industry.
Mexico's automobile production rose by 50 percent to a record 2.26 million vehicles in 2010. The country exported 1.86 million vehicles in 2010, 1.27 million of which went to the United States.