GM To Invest $2.8 Billion In Brazil In Five Years: CEO
CEO Mary Barra said General Motors will invest $2.8 billion in Brazil over the next five years. Speaking to reporters in Brasilia after meeting President Dilma Rousseff, Barra said the new investment will spent on new products, technology and maintaining plants. She said there were some mid-term challenges ahead, but that GM was committed to one of its most important markets. Brazil’s auto industry, which makes up one-fifth of the country’s manufacturing output, has slashed production by 16 percent in the first seven months of the year and laid off thousands of workers.
“GM To Invest $2.8 Billion In Brazil In Five Years: CEO” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.