GM to Invest $1B in Brazilian Operations

Fresh off of partial nationalization, General Motors announced Wednesday that it plans to invest $1 billion in Brazil.  The company’s Brazilian subsidiary is its largest in South America and third largest outside of the U.S.  Lula praised the move, which is being aided in no small measure by financial support from Brazil’s national development bank, BNDES.

-N. Fromherz

Hat tip: Latin American Herald Tribune

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