General Motors to Invest $1 Billion in Brazil Operations - Money to Come from U.S. Rescue Program

Latin American Herald Tribune ^ | January 25, 2009 | Russ Dallen

[MaryFromMichigan]

SAO PAULO- 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.”

We're sending a Billion dollars to Brazil?

[MaryFromMichigan]

Our tax dollars at work...
...in Brazil.

[MaryFromMichigan]

Ping!

[Virginia Ridgerunner]

This pisses me off so much that I just can't stand it any longer...!

[Doogle]

why not, we’re going to pay for oversea abortions...all within a week. Hang onto your wallet folks

[PhiKapMom]

One word to Congress — SUCKERS!

Our tax dollars at work to send jobs to Brazil. Way to go Congress! Now they want more of our tax dollars? Maybe it is time for a taxpayer revolt.

[Perdogg]

Brazilians doing work Americans refuse to do!

[Eric in the Ozarks]

Yesterday's WSJ reported GM was going to build a multi-billion dollar battery factory in Michigan. it will supply the batteries for cars that will command 2 percent of the public’s demand. Command economy, here we come.

[G Larry]

Please explain why this is preferred over foreign companies manufacturing their cars here in the U.S.

[SERE_DOC]

I sorry to say that the lunatics are in charge of the country! and the car makers are F*CKIN stupid beyond words. pour our tax money to latin America WTFATT!

[Jaime2099]

Just let them die! Please, just let them die! I can’t take reading this crap anymore.

[El Gato]

I would take this with a grain of salt. The paper is based out of Caracas Venezuela and on the "about" page they speak of their "partners at The New York Times, The Washington Post, the Los Angeles Times, and The Times of London."

Additionally, money is money. Once it goes into GM's coffers, it cannot be distinguished from money from other sources. So if GM spends $200 million at each of 5 US plants and $500 million at each of two Brazilian plants, who can say where each billion came from?

[SouthTexas]

Russia too.

[org.whodat]

Next I guess they will need to buy more planes to fly to Brazil to check on out tax money and get a sun tan on the beach. Damn You Jorge!!!

[RC2]

Our tax dollars should only go to companies that manufacture within the United States. In fact, any tax breaks should only be given to companies that manufacture within our the country.

[BipolarBob]

Just let them die! Please, just let them die! I can’t take reading this crap anymore.

Don't worry, it's going to get a lot worse. When O'bummer signs us up the Kyota Treaty, your electric rates will double and the US loses their sovereignty over about anything.

[org.whodat]

Additionally, money is money. Once it goes into GM's coffers, it cannot be distinguished from money from other sources. So if GM spends $200 million at each of 5 US plants and $500 million at each of two Brazilian plants, who can say where each billion came from?

Read real slow, GM was broke and could not pay any of it's creditors for the parts in the cars on dealers lots. GM had no money and has no money, it is all tax payers now.

[Doogle]

....it's worst than that, when amnesty strikes, which it will, the rats gain 30 million, if not more, rats. Batboy had 55 million vote against him.... It's really not hard to figure out... create more poverty, get more votes.

[tacticalogic]

Brazilians doing work Americans refuse to do!

If they're following Ford's example, it's more like a case of investing in technology American labor unions won't let them use here.

[M-cubed]

as Obama said to joe the Plumber...

Got to spread the money around!...but I guess nobody heard him...

[Islander7]

“......Additionally, money is money. Once it goes into GM’s coffers, it cannot be distinguished from money from other sources. So if GM spends $200 million at each of 5 US plants and $500 million at each of two Brazilian plants, who can say where each billion came from?

Read real slow, GM was broke and could not pay any of it’s creditors for the parts in the cars on dealers lots. GM had no money and has no money, it is all tax payers now.....”

....anbd GM is already making noise about needing more billions by the end of March!

Let them go bankrupt!!