Economy
Saltillo's most famous exports are Saltillo tile and the locally woven multi-coloured sarapes. Mercedes-Benz and General Motors both have assembly plants here and Chrysler operates a truck assembly plant, a sedan assembly plant, two engine facilities and a car transmissions plant. 37.4% of cars and 62.6% of trucks produced in Mexico are assembled in Saltillo. Saltillo is home to the Grupo Industrial Saltillo, an important manufacturing conglomerate that makes home appliances, silverware, and auto parts.
During the early 20th Century, Saltillo was called the Athens of Mexico because of its number of famous intellectuals. At that time, Saltillo was inhabited by a large number of expatriates from Europe, particularly Great Britain and Ireland. It is currently considered the Detroit of Mexico because of the importance of its automotive industry, including the huge Chrysler, General Motors, and Delphi plants.
The General Motors plant, the Complejo Industrial Ramos Arizpe (Ramos Arizpe Industrial Complex) manufactures vehicles for export to Japan, Canada, and Central America as well as for domestic purchase. It builds the Chevrolet C2, Chevrolet Monza, Chevrolet Captiva, Chevrolet HHR, Saturn Vue hybrid, Saab 9-4X and Cadillac SRX.
Read more about this topic: Saltillo
Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)