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.
Why the oddly specific number? Why?Published by NiteMayr on April 17, 2009
Two Quotes about Chrysler and GM that stick out:
Why $19 and not a Percentage? That’s a strange way of doing things. It’s not like “cut them by 5%”; which would be the normal way to approach cuts.
Something stinks there. Is there anyone inside of Fiat who can break their wall of silence and pass along the skinny on this?
Also; this again:
If there is something that can be said about Harper is that Canada lives between Alberta and Saskatchewan. That’s it. The rest of the landmass that we think of as Canada is “the Rest of it” and is dismissed very easily by the Snow-Texans of the West.
Some Interesting Reading on Tony Clement too (National Post)