GM to invest $1 billion in Mexico manufacturing over two years

MEXICO CITY, Jan 14 (Reuters) - General Motors GM.N said on Wednesday it will invest $1 billion in Mexico over the next two years in local manufacturing operations, which it called a sign of "long-term commitment" to the country.

• GM said it would focus on projects targeting domestic demand, where it holds more than 12% of market share.

• U.S. President Trump said on Tuesday that the trilateral trade agreement with Mexico and Canada, the USMCA, was "irrelevant" and that the U.S. didn't "need cars made in Mexico."

• GM President Mark Reuss said on Tuesday that the automaker's supply chain went "all the way through all three countries."