GM Puts Expansion Plans Into Action

US carmaker General Motors Company (GM) will investment BRL1.4bn in its two Brazilian facilities in the state of São Paulo in a bid to boost local production and expand its vehicle line up. BMI believes that the investment is aimed at strengthening GM's position in the Brazilian market, where it ranked as the third largest player - after Fiat and Volkswagen - in 2009, with sales of 610,836, giving it a 19% share of the market.

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