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Newswire

GM Mexico sees 2002 production at 500,000 vehicles

MEXICO CITY, Nov 27 (Reuters) - The Mexican unit of U.S. car giant General Motors said on Wednesday it expected to make 500,000 vehicles this year compared with 447,802 in 2001.

Carlos Gelista, GM Mexico spokesman, told Reuters the company saw output rising 5 to 7 percent next year on higher U.S. demand.

"We are producing (this year) half a million units both for the local market and for export," Gelista said.

Mexico is the 10th biggest car producer in the world and has attracted investment from major carmakers due to its numerous free trade treaties and low cost workforce.

Despite a recession, which Mexico entered last year and from which it is only just emerging, carmakers like General Motors have been among the few companies to have increased production.

From January to October this year, GM produced 428,887 vehicles, a rise of 15.3 percent compared with the same period in 2001.