Re: General Motors to Invest $1 Billion in Brazil Operations -- Money to Come from U.S. Rescue Program
- From: Curly Surmudgeon <curlysurmudgeon@xxxxxxxx>
- Date: Fri, 21 Nov 2008 16:12:57 -0800
On Fri, 21 Nov 2008 18:19:27 -0500, Bob Brock wrote:
http://www.laht.com/article.asp?ArticleId=320909&CategoryId=12396
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."
(...)
Of course they'll need at least another 8 private jets to ferry their
executives to/from Detroit/Brazil.
--
Regards, Curly
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