General Motors to invest $1.4 billion in Brazil to expand operations, product portfolio
GM plans to deliver a new generation vehicle portfolio, including locally produced internal combustion engine (ICE) vehicles, as well as imported ICE and electric vehicles (EVs) to consumers in South American markets
General Motors Co. announced Jan. 24 that it plans to invest $1.4 billion in its plants and operations in Brazil to deliver a new generation vehicle portfolio for customers in South America. The carmaker said that the investments are 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.
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