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GM announces $2.8 billion investment in Brazil


After making the headlines mostly because of its ongoing debacle with the defective ignition switch recall and the ensuing public scandal, General Motors finally catches our attention with a big investment announcement. Chief executive officer Mary Barra announced the No. 1 US automaker has a planned investment of 6.5 billion reais ($2.8 billion) in Brazil, to be spread over the next ...
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More Brazil articles

Report – VW to set up a planning center in Brazil
According to people familiar with the proceedings, Volkswagen AG is planning to revive sales in the largest South American nation – Brazil – by setting up a planning center. The fourth-biggest ...
GM could have Brazilian workers on paid leave
According to an auto union, General Motors would move to address declining sales in Brazil, Latin America's largest economy, by taking off the job almost a fifth of its workers ...
Second-gen Renault Sandero introduced in Brazil
The second generation of the Renault Sandero has been recently introduced in Brazil, following the Logan sedan, which has went on sale in the South American country last October. The Renault ...
[VIDEO] Porsche 918 Spyder seen in Brazil
The second example of the impressive Porsche 918 Spyder has been delivered in Brazil and the hybrid supercar is wearing a yellow shade. The Porsche 918 Spyder has begun its deliveries ...
Fiat Chrysler Automobiles to reach 2014 targets
According to Chief Executive Sergio Marchionne, the newly formed Fiat Chrysler Automobiles would achieve the targets set for the year, despite difficult markets. The CEO of the automaker pointed out that ...
Meet the Ford Troller T4 4×4
Ford has officially pulled the wraps off its newest creation up to date, the so-called Troller T4 4x4, which will only become available for order in Brazil. The North American based ...
Ferrari 550 Maranello gets crashed in Brazil
Another Ferrari incident has been recorded these days, this time in Brazil, where a 550 Maranello has definitely seen better days. Exotic supercar crashes are getting more and more often and ...
VW AG CEO to focus on US and Brazil
While in 2013 the biggest European car group managed to snatch the global second position from the US based General Motors, if the company wants to go for the No.1 ...
Ferrari F355 gets crashed in Brazil
The driver of a Ferrari F355 has managed to crash his ride recently, in Brazil, after pushing the throttle too hard and losing control of the wheel. Another supercar crash is ...

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