SAO PAULO -(Dow Jones)- General Motors Corp. (NYSE:GM - News) plans to invest $240 million in a plant in Brazil, creating 1,500 jobs.
The U.S. giant said Tuesday it would use the factory, to build and export a car starting 2006. The model isn't yet known.
The carmaker wants to increase the plant's production to 210,000 vehicles a year, up from its current level of 120,000.
The factory is based in the southern state of Rio Grande do Sul and already employs 2,500 people.
Source Yahoo
The U.S. giant said Tuesday it would use the factory, to build and export a car starting 2006. The model isn't yet known.
The carmaker wants to increase the plant's production to 210,000 vehicles a year, up from its current level of 120,000.
The factory is based in the southern state of Rio Grande do Sul and already employs 2,500 people.
Source Yahoo