General Motors Plans Additional Investment

US-based General Motors Company (GM) has announced plans to reinvest Brazilian profits locally, predicting a 'very good outlook' for the country's car market. According to Reuters, GM's CEO Fritz Henderson told local press that the US automaker will continue to reinvest profits indefinitely and that the firm seeks to expand further in the country. Jaime Ardila, president of GM Brazil-Mercosur, said that GM aims to invest up to US$1bn in order to support its Brazilian operations and renovate its product

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