Free Republic 3rd Qtr 2026 Fundraising Target: $81,000 Receipts & Pledges to-date: $28,249
34%  
Woo hoo!! And now only $101 to reach 35%!! Thank you all very much!! God bless.

Keyword: auotmakers

Brevity: Headers | « Text »
  • General Motors to Invest $1 Billion in Brazil Operations -- Money to Come from U.S. Rescue Program

    01/30/2009 11:39:37 PM PST · by Tempest · 100 replies · 1,832+ views
    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." "It wouldn't be logical to withdraw the investment from where we're growing, and our goal is to protect investments in emerging markets," he said...