Automotive Intelligence - the web for automotive professionals and car enthusiasts
August 2014
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Do A Double Take with Second Stunning Toyota FT-1 Sports Car Concept
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MINI and Dezeen present ‘Frontiers – the future of mobility’ at designjunction 2014
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CR-Z Sport Hybrid Gets Supercharged with HPD Street Performance
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GM Announces $2.9 Billion in New Investments in Brazil
Brazilian President Dilma Roussef with General Motors CEO Mary Barra. Today, Barra announced GM will invest R$ 6.5 billion ($2.9 billion USD) in the Chevrolet product lineup, technology, employee training and supplier localization from 2014-2018
BRASILIA, BRAZIL – Today, General Motors do Brasil announced to Brazilian President Dilma Roussef that it will invest $2.9 billion (USD) in Brazil from 2014 to 2018. The investments will help fund the development of new products, technologies and employee training, in addition to localizing components with Brazilian suppliers. |
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"This investment will allow the Chevrolet brand continue to renew its lineup with a focus on technology and quality. Another major purpose of this contribution is to raise the percentage of nationalization of the components of the cars made in Brazil, in an action that also involves suppliers installed in the country,” said Jaime Ardila, president of General Motors South America. |
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Santiago Chamorro, president of GM do Brasil, said the long-term investment reinforces the confidence the company has in the country. Photo: GM (August 14, 2014)
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