General Motors plans to invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market, said the beleaguered car maker.
According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and will be used to “complete the renovation of the line of products up to 2012.”
General Motors to Invest $1 Billion in Brazil Operations — Money to Come from U.S. Rescue Program
Somewhere out there; there is a comptroller saying how this is a good idea for long-term goals and that it makes good sense. That comptroller needs to realize that they still have to deal with their neighbors.
Holy Crap – Is GM TRYING to get nailed to the wall?
Published by NiteMayr on February 1, 2009Somewhere out there; there is a comptroller saying how this is a good idea for long-term goals and that it makes good sense. That comptroller needs to realize that they still have to deal with their neighbors.