GM relies on Mexico to increase market share with redesigned Equinox SUV
General Motors will try to increase its SUV market share with the redesigned Chevrolet Equinox. For that end, the automaker will build the model in four plants worldwide, including two factories in Mexico, according to Bloomberg.
GM plans to build about 550,000 of the Equinox and its sibling, the more upscale GMC Terrain, globally starting in 2018.
The company will try to get advantage of Mexico’s free trade agreements with more than 40 countries to enter tariff-free in many of the markets where the company will sell the SUV.
To make room for Equinox capacity, GM is shifting production of the Cadillac SRX from Mexico to Tennessee, where it also builds the XT5 model.