TSLA379.7801.73%
GM88.690-0.96%
F12.271-0.0987%
RIVN13.700-0.31%
CYD20.620-0.04%
HMC34.880-0.96%
TM214.780-3.73001%
CVNA73.020-3.235%
PAG213.4400.65%
LAD305.820-4.98%
AN184.140-1.92%
GPI264.180-4.28%
ABG206.380-3.84%
SAH62.220-0.93%
TSLA379.7801.73%
GM88.690-0.96%
F12.271-0.0987%
RIVN13.700-0.31%
CYD20.620-0.04%
HMC34.880-0.96%
TM214.780-3.73001%
CVNA73.020-3.235%
PAG213.4400.65%
LAD305.820-4.98%
AN184.140-1.92%
GPI264.180-4.28%
ABG206.380-3.84%
SAH62.220-0.93%
TSLA379.7801.73%
GM88.690-0.96%
F12.271-0.0987%
RIVN13.700-0.31%
CYD20.620-0.04%
HMC34.880-0.96%
TM214.780-3.73001%
CVNA73.020-3.235%
PAG213.4400.65%
LAD305.820-4.98%
AN184.140-1.92%
GPI264.180-4.28%
ABG206.380-3.84%
SAH62.220-0.93%

Mexico launches $112M support plan for heavy vehicle sector as GM workers seek 10% wage increase

The Mexican government program includes 2 billion pesos in tax incentives and 250 million pesos in investment, while union workers at GM’s Silao plant push for higher pay.

Mexico launches $112M support plan for heavy vehicle sector as GM workers seek 10% wage increase

On the Dash:

  • Mexico allocates 2 billion pesos in tax deductions and 250 million pesos in direct investment to support heavy vehicles.
  • The program aims to boost commercial vehicle production and modernize fleets to reduce emissions.
  • GM Silao workers propose a 10% wage increase, with a strike deadline set for April 15.

Mexico’s government announced new measures Thursday to support the country’s motor transport industry, focusing on manufacturers and owners of heavy vehicles.

Economy Minister Marcelo Ebrard said the program includes 2 billion pesos ($112.41 million) in tax deductions and 250 million pesos ($14.7 million) in direct investment. The initiative is designed to promote local production while protecting the domestic industry from imports.

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The program also includes incentives to encourage the purchase of heavy vehicles. President Claudia Sheinbaum said the measures are expected to boost commercial vehicle production and modernize heavy-duty fleets, helping reduce pollutants and improve freight transport conditions nationwide.

Separately, labor negotiations are underway at a General Motors plant in Silao, Mexico. The union representing workers has proposed a 10% salary increase for the 2026–2028 contract, a union leader told Reuters on March 25, 2026.

Union leader Alejandra Morales said workers are scheduled to vote on the proposal on April 9 and 10. The union has set a strike deadline of April 15 if an agreement is not reached with management.

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