From an article on MLive
General Motors is spending more money where it counts: Latin America.
The Latin American market has been generous to the struggling automaker despite struggles at home. Today, GM announced a $1 billion plan to expand its vehicle lineup in Brazil.
“We believe the Brazilian market will be very strong, will continue to grow at a rate of at least 5 percent a year and we also believe in the prospects for exports of the new models,” Jaime Ardila, GM’s chief executive for Brazil and the Mercosur region of South America, said in a statement.
Ardila added that GM showed record profits in Brazil in 2008 despite an global economic slowdown.
Reuters reports that GM will build two new compact models and expand operations at its Gravitai factory in the southern state of Rio Grande do Sul. The two new compacts could also be exported to African countries and other places, boosting GM’s presence elsewhere.
Thats great!
HOWEVER, the irony of it is, that Brazil ONLY ALLOWS FLEX FUEL VECHILES to be sold in their country! THEIR VEHICLES RUN ON ETHANOL ONLY!
WHY, GM, are you NOT doing this in America????
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