General Motors announced today a R$7 B or $1.4B investment in its plants and operations in Brazil to deliver a new generation vehicle portfolio for customers in South America. The investment is primarily focused on production facility upgrades in Brazil to deliver a new generation of locally produced internal combustion engine ICE vehicles, as well as a portfolio of imported ICE and electric vehicles. GM Senior Vice President and President of GM International Shilpan Amin and GM South America President and Managing Director Santiago Chamorro made the announcement in Brasilia, Brazil, following a meeting with the President of the Republic of Brazil, Luiz Inacio Lula da Silva. “With our long history and investments for the future, Brazil is a critical market for our growing GM business,” said Amin.
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