GM to invest 1 billion in Brazil to expand business there

[Hannah Bell]

GM to invest 1 bln dollars in Brazil

www.chinaview.cn 2008-11-19 15:56:11

Special Report: Global Financial Crisis

BRAZILIA, Nov. 18 (Xinhua) -- The General Motors Corporation (GM) has decided to invest 1 billion U.S. dollars in Brazil to expand business there, local media reported Tuesday.

The investment was part of a U.S. bailout package and would be used to upgrade car production lines before 2012, said Djame Adila, a GM's official in charge of the markets in Brazil and other member-countries of the South American Common Market which also groups Argentina, Paraguay, Uruguay and Venezuela.


http://news.xinhuanet.com/english/2008-11/19/content_10381498.htm

[SmileyRose]

1. er

:nuke:

[tekisui]

2. Help me out. Is GM outsourcing a BILLION to Brazil under the ruse of

"potential collapse" taking their part of $25 million from US taxpayers?!? :shrug:

[liberal N proud]

3. And where does this money come from?

That says one thing? The crisis is hyped in what I believe is an effort to kill the UAW

[jwirr]

4. HELL NO. These bailout packages were supposed to fix OUR

system not the global system. If we do not fix our own first we are not going to be able to do anything for the world.

[pork medley]

8. .

,

[TheKentuckian]

5. Yeah, which exactly why we take this chance to grab them by the balls and never let go

til they puke.

[gravity]

6. I don't have a problem with this

As long as they don't import the cars into the United States.

[Telly Savalas]

7. If they have the liquidity to do this, then they don't need a bailout loan from the government.

[OwnedByFerrets]

9. OMG, it keeps getting worse and worse.

[Tashca]

10. Surprise....surprise

Are there really people here that don’t believe that the big 3 won’t get exactly what they ask for?

The amount of money they ask for? …..the conditions they want?….and oversight their way? Where the hell has everyone been the last thirty years or so?

[Poor Richard Lex]

11. K/R

unfreakinbelievable