General Motors would push investment away from Mexico soon

Mexico will cease to be a destination for investment without a legal framework focused on the production of renewable energies, warned José Francisco Garza Rodríguez, president and CEO of General Motors de México.

“If there is no legal framework in Mexico, a structural framework focused on the production of renewable energies, General Motors will not stop in its mission of being zero emissions and, unfortunately, if the conditions do not exist, Mexico will no longer be a destination for investment, ”he said this Friday at the annual convention of the Mexican Institute of Finance Executives (IMEF). Explained that Currently, only 27% of the automaker’s electricity consumption comes from renewable energy, but the goal is for 100% to be so on a global scale by 2040.

“We are working very closely and raising our voices. We are not the only automaker with zero emissions goals. We are going to fulfill it, and if the conditions are not on the table, I believe that Mexico will not be an investment destination in the short and medium term, ”said Garza Rodríguez.

“That dollar that was going to be invested in Mexico would go to the United States, Canada, Brazil, China or Europe. It would be a shame if Mexico does not contemplate seeing a country with clean energy, that investment does not come, “he added.


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