GM Brazil to Invest R$2B in Expansion and New Line of Chevrolet Small Cars
Green Car Congress
JULY 16, 2009
General Motors Brazil will invest R$2 billion (US$1.033 billion) to launch a new Chevrolet line of vehicles and to expand its plant in Gravataí, Rio Grande do Sul. Funds for the investment will partly come from the company’s cash flow and retained earnings in recent fiscal years—GM Brasil has been profitable since 2006.
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