General Motors announced last Friday the shutdown of its manufacturing plants in Colombia and Ecuador, eliminating about 1,300 jobs, along with thousands more indirectly.
General Motors Shifts Strategy in South America riotimesonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from riotimesonline.com Daily Mail and Mail on Sunday newspapers.
GM Announces New $1.4 Billion Investment Cycle In Brazil gmauthority.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gmauthority.com Daily Mail and Mail on Sunday newspapers.
BRASILIA: General Motors said Wednesday it will invest seven billion reais (more than US$1.4 billion) in Brazil in the next five years to develop electric vehicle production in Latin America’s biggest economy.
GM Investment I Brazil: "Our future is all electric," said the US auto giant s president for international operations, Shilpan Amin, after meeting President Luiz Inacio Lula da Silva in Brasilia. Lula, whose administration has pushed auto companies in Brazil to make electric cars locally rather than import them, welcomed the announcement.