GM to Reopen Cash-Cow Mexican Pickup Plant as Soon as Next Week

General Motors Co. is preparing to resume building vehicles in Mexico as soon as next week following the government’s approval for factories to restart, according to people familiar with the matter, positioning the automaker to restock low inventories of its lucrative pickups.

Reopening manufacturing facilities throughout North America is important for the three Detroit-based automakers and foreign brands that produce vehicles in the U.S. Carmakers rely on Mexico for critical parts and GM and Fiat Chrysler Automobiles NV manufacture trucks there that generate a big chunk of their profits.