GM plans $1bn Brazilian expansion

[dipsydoodle]

Source: BBC News

General Motors says it is to invest more than $1bn (£608m) to develop two new car models in Brazil despite woes at the company's US headquarters.

GM says the planned investment should create about 1,000 jobs.

A government tax break which cut the cost of new vehicles in Brazil, led to GM seeing record sales in the country.

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However GM in Brazil is financially independent of the US company - and it has been keen to stress that there will be no dependence on products from the United States.

Read more: http://news.bbc.co.uk/1/hi/business/8153097.stm

[timeforpeace]

1. I bet there is a lesson to be learned here. Not sure what it is, though.

[WriteDown]

2. This would probably have worked in the US as well

"A government tax break which cut the cost of new vehicles in Brazil, led to GM seeing record sales in the country."

Americans care little about if union labor is used. All they care about is the price.

[high density]

4. Workers in Brazil making cars for Brazil

That is alright with me.

[timeforpeace]

9. There you go. That's part of the lesson.

[angstlessk]

3. a billion brazillion is that more than a gazillion?

[CreekDog]

5. How much is a brazilian?

[Robb]

6. No, no...

...How much is a BILLION BRAZILLION???? :D

[Wizard777]

10. I don't know. But once you figure that out you have to multiply it by 1 billion to get the total.

That's 1 billion brazilian. :wow:

[Skittles]

7. half their IT work is done in Brazil

badly, I might add

[tabasco]

8. They hate UAW workers!

Just like all the America-hating customers who drive Japanese cars!!!11!!

:sarcasm:

[TankLV]

11. A brazilion sounds like a LOT of money...!

just sayin...

[meow2u3]

12. So THAT'S how much a brazilion is!