[PontiacJ8]

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

 

[mgescuro]

<_< uh-huuh.... and what happened to China??? GM better head of Toyota at the pass before Toyota gets a strangle hold in China.

 

[ronus20]

That's all good and everything, yet I don't understand why they can't build another plant in the US. Instead of "outsourcing" 1,500 jobs to another country. Bad move.

 

[mgescuro]

Originally posted by ronus20@Jan 28 2004, 01:04 AM
That's all good and everything, yet I don't understand why they can't build another plant in the US. Instead of "outsourcing" 1,500 jobs to another country. Bad move.

3 letters for ya.... U A W.
GM just can't make cars at a competitive cost with the union over their backs.

 

[babershah]

Why are GM and Ford building more in BRAZIL???
Is it because the workers will be happy to have lots of sex on the beaches of RIO???

LOL